Polygon’s Technical and Market Overview
Polygon, a prominent layer 2 scaling solution for Ethereum, has been navigating through a notable accumulation phase as indicated by technical analyst Alex Clay. This accumulation phase, characterized by a symmetrical triangle pattern lasting 1218 days, suggests significant potential for a bullish breakout. According to Clay, targets for this breakout are projected at $4.5, $7.1, and even up to $9.75, highlighting optimistic price projections based on historical accumulation patterns.·
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