A digital asset analyst nicknamed X Crypto Patel recently shared a bullish forecast for MATIC's price movement in the coming weeks: according to CoinMarketCap, MATIC has lost 6.68% of its market value over the past seven days.
The #polygon token has been one of the best-performing assets in 2024, rising 76.38% between January and March. However, the altcoin has fallen 22.83% in the past two weeks, raising concerns about future price movement.
See also: #Fantom (FTM) soaring 180% in four weeks: is this just the beginning?
In a March 23 post on Site X, Crypto Patel gave a bullish outlook on #MATIC despite the current downtrend, calling it a "MATIC BULL RUN Roadmap.
First, the analyst stated that a "bullish pennant" is forming in the MATIC market. A "bull pennant" - is a price pattern that typically consists of a series of upward price moves (flagpole) followed by a period of consolidation (pennant).
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