Friendship Day

Polygon was back in the news over the weekend, with Coca-Cola celebrating International Friendship Day with a new digital asset collectibles drop.

However, MATIC should avoid the 100-day EMA, currently at $0.8780, and S2 ($0.8759). Barring an extended sell-off, MATIC should steer clear of sub-$0.89 and the Second Major Support Level (S2) at $0.8759. This morning, MATIC sat above the 50-day EMA, currently at $0.9054. At $0.90, MATIC sits well above the June 18 current year low of $0.3159. A hold above the 50-day EMA would support a return to $0.92 to target the Major Resistance Levels. However, a fall through the 50-day EMA would leave S1 in play. MATIC will need to avoid the $0.9084 pivot to target the First Major Resistance Level (R1) at $0.9240 and the Sunday high of $0.9253. A fall through the pivot would bring the First Major Support Level (S1) at $0.8915 into play. Finding support at the First Major Support Level at $0.8936, MATIC rallied to a late high of $0.9253. However, falling short of the First Major Resistance Level at $0.9316, MATIC fell back to end the day at sub-$0.91. In the event of another extended rally, the bulls could target the Second Major Resistance Level (R2) at $0.9409 and the Saturday high of $0.9411. On Sunday, Polygon ( MATIC) slipped by 0.08%. Following a 2.15% slide on Saturday, MATIC ended the week down by 2.34% to $0.9071. Polygon Studios took to Twitter ( TWTR) on Sunday, announcing a Coca-Cola ( COKE) digital collectible drop on Polygon. - Polygon (MATIC) slipped by 0.08% on Sunday to end the week with a 2.34% loss.