The MATIC price has limited upside potential due to numerous obstacles ahead, including the 38.2 percent Fibonacci extension level at $1.48, which intersects with the MRI resistance line.
MATIC price has broken above the current falling wedge pattern, aiming for a higher high.
MATIC will be traded in CHANNEL near $1.5600001, with an upper border of $1.8700001 and a bottom of $1.274.
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