Polygon Breaks Key Resistance - Will MATIC Price Surge or Face Rejection at Critical Level?
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Polygon (MATIC) price broke out from long-term diagonal resistance and is attempting to move above another resistance level
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MATIC is trading at the higher end of its range, raising the question of whether it will break out or face rejection
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Weekly chart shows MATIC has been increasing since October 2023 and recently broke out from 780-day descending resistance
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Daily chart has mixed signals - bullish Elliott Wave count but bearish RSI divergence, so $1.05 is a key level to watch
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If MATIC breaks above $1.05, price could surge nearly 50% to $1.55; if rejected, could drop 10% to $0.95 support