Polygon is on a strong bullish streak! 🚀 MATIC price surged 7% and is now at $0.4442, with a market cap of over $3.5 billion. 📈 Daily trading volume also increased by 53% to $434 million, indicating strong investor interest. 💰
POL whales, or large investors, have just raised 140 million tokens worth $56 million, further boosting market sentiment. 🐋 There is a key support level between $0.375 and $0.386, and if the price stays above that level, MATIC could go even higher! 📊
In addition, on-chain activity has also increased, with more active addresses and trading volume indicating strong market participation. 📈 These are all signs that more investors are entering the market. 🔍
Technically, Polygon has just broken out of a cup-and-handle pattern that usually indicates a potential big upside. 🎉 Traders are now focused on whether MATIC can hold above the new resistance level at $0.44. If it can, the price will likely continue to rise! 💪 All of this has analysts optimistic about the future of Polygon. 🌟
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