Polygons currency price (MATICUSDT) extended its gains in latest intraday trading, buoyed by trading above the 50-day SMA and forming a dynamic support that helped the price pierce the ceiling of a descending correctional price channel that guided recent short-term trading, with the price rising despite negative signals from the Stochastic after reaching overbought levels, indicating the strength of the buying momentum.

Therefore we expect more gains for the price, targeting the resistance of $0.254, provided the support of $0.208 holds on.

Todays price forecast: Bullish