Polygon is ready to move towards a new ATH


Matic price has struggled to reach higher ground, but there is speculation that it will soon climb. Polygon chart analysis suggests this coin could hit an all-time high soon and at such a steep rate of ascent too.

MATIC coin has been bullish since September 26th as the prices noted an impressive 73.39% and 19%. MATIC, the most valuable altcoin by market capitalization, experienced a lift on October 29th.

It reached its five-month high as MATIC traded back below where it had been trading before reaching this recent peak.

At press time, Polygon is trading at $1.90, a slight decrease of 1.22% in the 24 hours.

Cardano Price Prediction: Will ADA hit $3 by the end of this year?

Matic Price Prediction

MATIC, a cryptocurrency currently trading at $1.91, has shown signs of momentum in recent days. The daily chart indicates it could be set up nicely for one last push higher after slicing above the upward-sloping trendline.

The outlook for the cryptocurrency market is positive, with a 99% rally from peak levels. This optimistic target has been set by technical patterns that signify an upturn in prices, and it will be reached after surpassing its all-time high at $2.69 per coin.

Matic/USDT. Source: Trading View

A breakout and close above $2.22 could clear the path for a rally to potentially reach new heights, with resistance at just under 3 dollars insight on that important trend line which has been so far proving stubbornly resistant this year despite some impressive gains.

Moreover, The 50-SMA is strong support for the price, so if it breaks below this level, we could see $1.71 as an initial target and possibly more downside movement to $1.50 of that amount depending on how far down things are going from here.





Read Full Article

Latest articles

CBDCs for the People? Where the Current State of Digital Currency Research Leads

While much attention focuses on the retail central bank digital currency (CBDC) ruminations of China, Europe and the United States, smaller jurisdictions are...

Serious Fed Warning Issued Over Bitcoin, Ethereum, BNB, Solana, Cardano And XRP

Bitcoin and cryptocurrency prices have soared over the last year, partly due to the U.S. Federal Reserve's policy of ultra-low interest rates and...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here