MATICUSDT to hit weekly support zone before bounce

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MATIC Network / TetherUS (BINANCE:MATICUSDT)

BINANCE:MATICUSDT MATIC Network / TetherUS

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The price was rejected from monthly resistance MR1 and currently it is trading between monthly resistance MR1 and weekly support WS1. The price had reached MR1 zone after trading for a longer period around WS1 zone. I believe, the likelihood of the price hitting this weekly support zone WS1 is high. This will allow the price to bounce again from that zone. This bounce may allow the price to aim for the MR1 zone again.