MATIC price is seeing approximately 29% increase on October 28 to hit a high of $2.241.
More so, This MATIC rally break through the $1.71 resistance.
However, the price starts pulling down around $2.240 resistance level. Which of course, shows the start of correction, seeing it decline to $1.753 support level on October 31.
Additionally, the price gets support from the 50 four-hour simple moving average since the late trading sessions of Sunday.
Consequently, This causes an approximately 1.53% increase to the current price around $1.934.
Meanwhile, MATIC break out to around $1.940 could trigger an upward rally towards $2.40. Also, eventually hit the all-time high (ATH) around $2.70.
Notably, The position of the Relative Strength Index (RSI) above the midline shows that the bulls are currently in control of MATIC price.
Also, as this happens, it will be the start of an uptrend as bulls target the ATH above $2.70.
Currently, MATIC is around $1.934 on most crypto exchanges.
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