MATIC approaches the lows of a near-term range, what next?

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The lower timeframe market structure was bearish. The presence of the range lows and bullish breaker can see recovery toward the range highs. Bitcoin is likely to see strong demand in the $22.3k-$22.6k area. […]

also approached a steadfast area of support. A bounce in MATIC prices can be expected, owing to the presence of a divergence as well as a bullish breaker.Source: MATIC/USDT on TradingView

The mid-range value has acted as support and resistance over the past few days, which reinforced the credibility of the range formation.

 

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