MATIC Logs Double Digit Gains, What Could Be The New Targets?

MATIC propelled significantly over the last 24 hours driving price of the asset close to the dollar mark. It has followed the path of an upward trendline and soared substantially. MATIC has continued its bullish price trajectory since a week and the asset brought double-digit gains. The altcoin has broken past several crucial resistance marks and now stands above the $0.77 support line. Pullback chances cannot be ruled out as the coin has been quite optimistic in the last week. Bitcoin recently touched the $22,000 level pushing major altcoins in the upward direction. The altcoin’s bulls are now in control as the buyers have regained confidence in the coin. MATIC was overvalued at the time of writing. Technical outlook for the coin remained bullish on the four hour chart. The altcoin has continued to form higher highs which are an indication of bullish strength on the chart. If the bulls keep up the present price momentum, MATIC will soon revisit the dollar mark. MATIC Price Analysis: Four Hour Chart The altcoin was trading at $0.903 on the four hour chart. MATIC was very close to revisiting $1.00. If buyers keep up the momentum, MATIC will continue to soar upwards. Overhead resistance for the coin stood at $1.00. In case of a pullback, the closest support level for MATIC was at $0.77, below which stood the $0.68 mark. The altcoin has maintained an upward trajectory (yellow line) painting bullish picture on the chart. Amo...