Post By: CryptosHeadlines.com

The price of MATIC is holding steady, staying above the support level of $0.58. If it manages to surpass the resistance at $0.650, Polygon could see a boost in its bullish momentum.
The price of MATIC is displaying favorable indications as it hovers below the $0.65 resistance in comparison to the US dollar. Currently, the price is trading above $0.60 and is also positioned above the 100 simple moving average on the 4-hour chart.
Notably, there is a significant contracting triangle in the making, with resistance situated around $0.640 as observed on the MATIC/USD pair’s 4-hour chart, with data sourced from Kraken. If the pair successfully surpasses the resistance levels at $0.640 and $0.650, it may potentially continue its upward trajectory.
Polygon’s MATIC Price Targets Upside Movement
After establishing a base above the $0.50 mark, Polygon’s price embarked on a consistent upward trend. MATIC overcame several obstacles, primarily around the $0.550 level, effectively transitioning into a positive zone alongside cryptocurrencies like Bitcoin and Ethereum.
This ascent led to a breakthrough past the $0.60 resistance, propelling the price to a peak of $0.6646. However, there was a minor dip below the $0.640 level in a recent correction. The price temporarily fell beneath the 23.6% Fibonacci retracement level of the upward journey from the $0.5032 swing low to the $0.6646 high.
At present, MATIC is trading above the $0.60 level and remains positioned favorably with the support of the 100 simple moving average over a 4-hour span. Furthermore, a significant contracting triangle is taking shape, featuring resistance near $0.640, observable on the 4-hour chart of the MATIC/USD pair.
The immediate hurdle to overcome is around the $0.640 level, with the primary major resistance found at approximately $0.650. A successful breakthrough above this $0.650 resistance could set the stage for further gains. The subsequent significant resistance level to contend with is near $0.665. If the price manages to confidently breach this $0.665 resistance, it could initiate a sustained uptrend. In such a scenario, there’s potential for the price to aim for levels around $0.680 or even $0.700.
Possible Pullback in MATIC Price?
If MATIC’s price fails to surpass the $0.640 resistance, there could be a downward correction. The initial support in case of a decline is around the $0.6100 level.
The primary support level is situated near $0.584 or the 50% Fibonacci retracement level from the price’s upward journey starting at the $0.5032 swing low and reaching the $0.6646 high. Should the price dip below the $0.584 level, it might trigger a new decline toward $0.550. The following major support level is approximately $0.532.
Technical Indicators
4-hour MACD: The MACD for MATIC/USD is showing signs of increasing bullish momentum.4-hour RSI (Relative Strength Index): The RSI for MATIC/USD is currently above the 50 level.Key Support Levels: $0.610 and $0.584.Key Resistance Levels: $0.640, $0.650, and $0.700.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptoMarket #Bitcoin #CryptoNews #PolygonPOL #MATIC

A Fresh Chapter in Blockchain Joining Forces
The addition of MoveVM-based Layer 2 (L2) answers to the Polygon Agglayer means more than just a tech step forward—it's pushing $MATIC price up. By making cross-chain cash flow smooth and bringing different user groups together, this move boosts $MATIC's worth in the system. The $160 million in Total Value Locked (TVL) promise before the main network goes live shows investors are keen hinting that #PolygonPOL is set to grow big in both need and value. Let's look at how this team-up between Movement Labs and Polygon will change the blockchain scene and send $MATIC to new peaks.
#TONonBinance #SocialMining
The Agglayer and MoveVM's Impact on Polygon's System
Agglayer's simple design helps connect different blockchains using cautious proof to keep cross-chain trades safe. This matches Polygon's plan to bring together money and users across various chains. Adding MoveVM, a smart contract language first made for Facebook's Diem project, to this setup boosts Polygon's abilities. Bringing in MoveVM lets Move-based networks join the Agglayer linking the Move and EVM systems. This addition promises to make the Polygon network much more compatible and able to grow.

Movement Labs and the Move Programming Language
Movement Labs is leading the charge in expanding the Move programming language. It has launched a public testnet, which has already attracted $160 million in promised Total Value Locked (TVL). This marks a big step towards creating a single liquidity pool and user base across all combined chains. The Move programming language lets developers build quick and secure blockchain apps, thanks to its effective design and ability to run tasks at the same time. By teaming up with Polygon's Agglayer, Movement Labs makes sure its MoveVM-based chains can work with the funds and users of any AggChain. This increases the possible user base and usefulness of the network.

The Effect on $MATIC and the Polygon Ecosystem
The addition of MoveVM-based L2s to the Polygon Agglayer will boost the $MATIC price. More chains joining the Agglayer will increase the demand for $MATIC. This demand stems from its key role to secure the network, pay for transactions, and take part in decision-making. This growth of the ecosystem through this union not makes $MATIC more useful but also draws new coders and users, which strengthens its worth even more. Also, the teamwork with Movement Labs, which has already pulled in big money from well-known backers like Polychain Capital and Binance Labs, shows the rising trust in Polygon's future plans.

Move Stack and Rollup-as-a-Service
Movement Labs created the Move Stack, a rollup kit that lets developers build and start parallelizable MoveVM chains that fit their exact needs. This freedom helps developers make custom appchains that can work with the Polygon Agglayer, which makes the network even more useful and far-reaching. Movement Labs just rolled out their Rollup-as-a-Service platform, and it's already in high demand. This shows that people want these new ideas. When developers use Move Stack, they can open up new ways to grow, which makes the Polygon network even more appealing to both developers and users.

The Future of Polygon and the Broader Blockchain Ecosystem
Polygon's Agglayer now includes MoveVM-based L2s, which represents a big step in how blockchains are growing. This team-up allows different chains to work together and makes the network's money pool bigger. As a result, Polygon is becoming a major player in the future of DeFi and blockchain tech. People want more $MATIC because it's more useful and important in the network now. This will make its price go up so investors might find it appealing. As more people and developers join the ecosystem, Polygon will become more influential in the blockchain world. This growth will make even more people want $MATIC pushing up its value.

To wrap up
The addition of MoveVM-based L2 answers to the Polygon Agglayer marks a big step for Polygon and the wider blockchain world. This teamwork makes chains work better together and grows the network's money pool. It doesn't just make #PolygonMATIC more useful and valuable. It also puts Polygon at the front of where decentralized money and blockchain tech are headed. As more people and coders join the network, we think more folks will want $MATIC. This could push its price up and make it a key player in the blockchain scene.
@DAO Labs @Polygon @Binance Square Official