Experts predicted that Polygon’s MATIC could rise above $1.70. They’re speculating on when this might occur.
Polygon (MATIC) witnessed a 30% monthly price surge, and analysts anticipate more growth ahead. This surge aligns with a notable increase in Polygon’s on-chain trading volume and other key metrics.
Polygon (MATIC) Surges Past $1 Mark, Analysts Predict Further Growth
Polygon (MATIC), one of the top-performing cryptocurrencies in the top 20 list, briefly surpassed the $1 mark this week. Its remarkable 30% price surge over the past month has garnered significant attention from industry participants.
Analysts are optimistic about MATIC’s future, with many predicting a continued rally in the coming months. The surge in price aligns with a bullish sentiment surrounding Polygon, fueled by a notable increase in on-chain trading volume and other key metrics.
Popular Twitter user Ali highlighted MATIC’s “promising signs” for charting impressive gains in the long term. Ali predicted that MATIC’s valuation could skyrocket by 90% next month if it manages to close above the $0.96 resistance level.

Since Ali’s forecast, MATIC has maintained its position above the depicted mark, currently trading around $0.97, as per CoinGecko’s data.
Bullish Predictions and On-Chain Metrics Drive MATIC Sentiment
Content creator and investor Jake Gagain has outlined an even more bullish scenario for MATIC, predicting a price appreciation as high as $9 by the year 2025.
MATIC’s recent spike in price coincides with a significant increase in Polygon’s on-chain trading volume. According to DefiLlama, the figure currently stands at nearly $170 million, marking a 300% surge compared to the numbers observed at the end of January.

Additionally, Polygon has demonstrated strong performance in the non-fungible token (NFT) field, boasting an NFT sales volume of approximately $6 million over the past seven days.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Polygon #MATİC

Polygon’s MATIC coin is dealing with pressure from available supply, yet analysts maintain a positive outlook for its future despite challenges in the overall market.
The forecast for Polygon’s MATIC price indicates challenges as it faces pressure around the important $0.8300 level. In the past week, the coin’s value has dropped by 14%, mainly due to bearish forces pushing it down. The current declining price raises concerns about a potential breakdown below the lower support trendline of a rising wedge pattern, posing a risk of further correction for MATIC.

Polygon (MATIC) Price Analysis: Tug of War Between Bulls and Bears
Over the recent days, Polygon’s price has been fluctuating within the $0.800 to $0.900 range, reflecting conflicting sentiments from both bearish and bullish forces. This ongoing struggle has led to a narrow trading range, stabilizing prices in both upward and downward directions. Currently, MATIC is positioned at $0.8336, indicating a potential short-term bearish trend.
Despite experiencing a dip of more than 2.5% in the past 48 hours, MATIC has demonstrated overall recovery since its recent low, portraying a positive outlook for the future. The battle between bulls and bears continues to influence the coin’s price movements, creating an environment of uncertainty in the short term.
Polygon (MATIC) Price Outlook: Potential Upside by January 2024
Crypto analyst Ali is optimistic about Polygon (MATIC), Ethereum’s Layer-2 scalability solution, potentially reaching the $0.96 level by the end of January 2024. Ali suggests that a surge in buying pressure around the current levels could propel MATIC towards $0.88 and even as high as $0.96.
#Polygon | The TD Sequential presents a buy signal on $MATIC 4-hour chart.
A spike in buying pressure around the current levels could see #MATIC rebound, potentially toward $0.88, and even as high as $0.96. https://twitter.com/TheCryptoBull77/status/1742527124676723079/photo/1
— Ali (@ali_chart) Jan 6, 2024
Despite experiencing a slight 0.35% decline over the past month, Polygon (MATIC) is attracting renewed interest, mainly attributed to its transition to Polygon 2.0. The ongoing developments and advancements within the Polygon ecosystem contribute to the positive sentiment surrounding MATIC’s future price potential.
Polygon (MATIC) Price Analysis: Potential Scenarios and Technical Signals
The future of MATIC’s price hinges on its ability to maintain support above the crucial $0.0800 level. If this support holds, there is potential for momentum to build, potentially leading to a test of resistance at $0.9600. Sustaining this level could open the door for further gains, potentially reaching the $0.1000 mark in the foreseeable future. However, should bearish trends persist, MATIC’s price might breach its current support, moving towards a lower level at $0.0700.

Analyzing technical indicators over the past 24 hours reveals potential for a bullish run. Most moving averages and oscillators are giving buying signals. The MACD shows a bearish momentum as the blue MACD line crosses over the red signal line. The Relative Strength Index (RSI) stands at a neutral level of 44.17, indicating market equilibrium. Converging Bollinger bands suggest a heightened possibility of increased volatility in the coming days, adding an element of uncertainty to MATIC’s future price movements.
Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#MATİC