Polygon’s MATIC Surges in Price 📈
📈 Bitcoin (BTC) hitting $56,000 sparked enthusiasm in altcoins, notably Ethereum (ETH), which rose above $3,200. Meanwhile, Polygon (MATIC) surged past $1.04, garnering attention for its scalability solutions on the Ethereum Blockchain.
🚀 After breaking resistance at $0.9002, MATIC displayed bullish momentum, consolidating between $0.9002 and $1.0234 before surging over 10% to surpass $1.
📊 Technical indicators like the Moving Average Convergence Divergence (MACD) suggest a strong upward trend for MATIC, with potential resistance levels at $1.079 and $1.1502. Support levels stand at $1.0234 and $0.9586, contingent on market dynamics between bulls and bears.