Bitcoin and other top crypto tokens were mostly higher on Wednesday ahead of the key economic data due later this week. The entire narrative for Bitcoin has shifted towards the Bitcoin ETF, which is less volatile of late as the $30,000-mark is a critical threshold. But macros continue to weigh.
Polygon (MATIC) is experiencing a positive break following wider sentiment in the market postPaypal’s new stablecoin news. The asset is showing signs of recovery suggesting a breakout from the descending channel.If successful, MATIC could hit the key 100-day moving average around the $0.80 area.
 

Its RSI reading is currently at 45.7 and has started moving sideways, indicating that the asset may recover towards neutral territory. However, if MATIC is unable to break through the $0.75 barrier, price may fall. The most recent low (about $0.65) serves as an early support level.
Major Levels:
Support: $0.65, $0.55
Resistance: $0.75, $0.80, $0.90(Views and recommendations given in this section are the analysts’ own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)

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