#Polygone $MATIC seems prepared for upswings towards the resistance level of $1.
👉THE CATCH:
sentiments suggest recovery for MATIC price, technical indicators confirm a mixed bias.
Matic bounce back from its support level successfully, and trading below 200- EMA. That indicated improved sentiments amid buying interest and welcoming market conditions.
👉MATIC’s current price action:
MATIC’s price reflected the broad market outlook today.
According to #CoinMarketCap the altcoin lost 2.01% from the 24-hour high at $0.596 to trade at $0.57 during this publication.
👉The #altcoin displayed increased momentum after a consolidation phase, confirming enhanced investor interest and potential price surges.
Moreover, Polygon boasts a stable number of wallets, suggesting consistency in new address creation.
Meanwhile, the project has seen slight upticks in wallets holding MATIC balances.
👉That indicates surges in network usage of accumulation by holders, signaling bullish moves for the altcoin.
👉The stabilizing before upward moves suggests underlying trust in the token’s future trajectory.
Further, increased integrations in the gaming world could help MATIC price sail to $1 in the next broad market rally.
Ronin_Network is using Polygon CDK to build a zk L2, meaning the top three gaming networks use Polygon tech
