The post Breakout Alert! MATIC Price Prediction for August 21 appeared first on Coinpedia Fintech News
Today, Matic Network (MATIC) has gained everyone’s attention due to its significant price surge and recent bullish breakout. However, MATIC’s bullish outlook comes at a time when top cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH), have been struggling to gain momentum.
Bullish Breakout in MATIC
This bullish breakout comes after months of continuous downside momentum from March to August 2024. During this period, MATIC formed a descending trendline and faced strong resistance from it. However, this time with significant volume, it has successfully broken out the barrier.
Source: Trading View
MATIC Price Prediction for August
According to expert technical analysis, MATIC looks bullish despite trading below the 200 Exponential Moving Average (EMA) on a daily time frame. In addition to this breakout, the daily candle closing above the trendline will be cruc
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