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⭐Polygon Price Analysis Hints Major Reversal to $1.5 As Buyers Hit Key Resistance  📉 Polygon Price Sideways MATIX, Polygon's native cryptocurrency, has been trading sideways since last week, struggling to surpass the $0.768 resistance amid uncertainty around the Spot ETH ETF. ↔️ Consolidation Period The consolidation mirrors Ethereum's movements, with MATIC trading between $0.768 and $0.64 since mid-April, hinting at indecision among buyers and sellers. 📈 Potential Uptrend Signal Trader alicharts highlighted a buy signal on the $MATIC weekly chart, suggesting a potential uptrend and a break of overhead resistance. 🚀 Anticipated Trend Reversal If the pattern holds, Polygon could see a 52% surge to hit $1.15, signaling a major trend reversal. 📊 Technical Indicator Bollinger Band: The flattish trend indicates a neutral market, awaiting a breakout for directional movement.Average Directional Index: The falling slope suggests stabilization from prior downtrends, giving sellers an opportunity to break bottom support.

⭐Polygon Price Analysis Hints Major Reversal to $1.5 As Buyers Hit Key Resistance 


📉 Polygon Price Sideways
MATIX, Polygon's native cryptocurrency, has been trading sideways since last week, struggling to surpass the $0.768 resistance amid uncertainty around the Spot ETH ETF.

↔️ Consolidation Period
The consolidation mirrors Ethereum's movements, with MATIC trading between $0.768 and $0.64 since mid-April, hinting at indecision among buyers and sellers.

📈 Potential Uptrend Signal
Trader alicharts highlighted a buy signal on the $MATIC weekly chart, suggesting a potential uptrend and a break of overhead resistance.

🚀 Anticipated Trend Reversal
If the pattern holds, Polygon could see a 52% surge to hit $1.15, signaling a major trend reversal.

📊 Technical Indicator

Bollinger Band: The flattish trend indicates a neutral market, awaiting a breakout for directional movement.Average Directional Index: The falling slope suggests stabilization from prior downtrends, giving sellers an opportunity to break bottom support.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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