Polygon (MATIC) Price Rise Analysis 👇👇👇

Increased holding time and other indicators suggest that most MATIC holders are choosing to hold for the long term. The increase in addresses holding between 100 million and 1 billion tokens is growing more confident in the long-term potential.

This growth could drive the price of MATIC higher, although the current price is $0.72, down 25.48% in the past 90 days.

MATIC has been trying to rise over the past month, but each attempt to break through the $0.80 resistance level has been rejected.

However, the recent accumulation may lead to an increase in the MATIC native token. High liquidity exists between $0.75 and $0.78, indicating that a move in this direction may be possible.

The cumulative liquidation level validates this prediction, with more long positions being liquidated than shorts. At press time, the indicator is negative, which may indicate that a sharp rebound is imminent.

On the other hand, the average years of investment in USD shows that most participants prefer to hold MATIC for the long term. At press time, the 90-day MDIA has risen, which means that it may approach or exceed $1 in the medium term.

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