MATIC Price Analysis: Polygon Price Rebounds, MATIC Holders Can Now Shop at Walmart, Amazon Due to New Integration

• Polygon MATIC price is rebounding just like the rest of the markets.
• At the time of publication, MATIC was changing hands at $0.84 up 3% in the last 24 hours
• MATIC has now been added to Shopping.io’s payment processors

Polygon (MATIC) price is rebounding just like the rest of the markets. At the time of publication, MATIC was changing hands at $0.84, up 3% in the last 24 hours and 12.75% in the past week. Shopping.io is integrating MATIC as a form of payment on its platform as well as offering a 2% discount for the first thirty days and free shipping for the first seven with every use of the token. MATIC has now been added to Shopping.io’s payment processor; Shopping Pay therefore allowing holders to purchase goods from some of the world’s biggest retailers such as Amazon, eBay, Walmart, and Home Depot. This integration offers MATIC another unique utility outside the realm of its chain, providing the token with another layer to its intrinsic value and encouraging more widespread collaborations.

Key Levels
Resistance Levels: $1.150, $1.055, $1.00
Support Levels: $0.750, $0.685, $0.565

MATIC/USD Daily Chart: Ranging

MATIC/USD Daily Chart

The daily moving average (MA 50) critical handle at $0.80 was already crossed by MATIC/USD the day before, and its ascent is still going strong today. The next target for the pair as it continues to rise is the area around the daily moving average (MA 200) zone at $0.90.

This week’s rebound for MATIC seems to have crossed above its zone of contention, allowing for additional stabilization. A visit to the $1.055 high points in August 2022 may result from leaving this zone. Before the end of the year, the pair might well test previous highs near $1.50 if the corrective rebound holds.

MATIC/USD 4-Hour Chart: Ranging

MATIC/USD 4-Hour Chart

MATIC/USD’s rebound from the $0.689 level is still on, and the intraday bias remains slightly to the upside for a sustained break of the $0.850 level. We can expect a bigger comeback from $0.80 levels to pick up later, with a breach of the $0.90 marks, as a reversal from August 2022 highs at $1.05 to $0.689 has been supported at $0.75 levels.

On the downside, a violation of the $0.70 minor support level could signal the end of the comeback from the $0.689 level. Intraday bias may shift back to the downside at the $0.750 support level if MATIC/USD fails to break towards $0.90. The MATIC/USD pair continues its advance from the $0.821 intraday lows towards the $0.860 near-term high.

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