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At the time of this writing, the price of MATIC is exhibiting an upward trend that started way back in the middle of October. The first portion of the rally saw a gain of around 80 percent, and ever since then, the ascent has been gradual but constant.

The fact that MATIC has not broken through the uptrend line indicates that a rebound is likely to occur, which has the potential to send the price over the $0.92 resistance line. If we were to turn this into support, it would give the rally a boost, which would drive other cryptocurrencies up by 22% past the $1.00 threshold.

The digital asset, on the other hand, would find support around the $0.80 level if it encountered opposition from wider market signals and fell through the uptrend line. In the event that this support is lost, the bullish thesis would be rendered incorrect, which would lead to a drop to $0.72