MATIC Price Breaks Out After Bullish Divergence; Faces Resistance at $0.60
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Polygon (MATIC) price broke out above a descending resistance trendline and 220-day moving average last week.
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This breakout came after a bullish divergence formed in the daily RSI momentum indicator.
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MATIC remains below the key $0.60 long-term horizontal resistance area.
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Google Cloud joined as a validator, staking over 10,000 MATIC.
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If MATIC closes below $0.53, more retracement is likely before uptrend continues.