#Polygone $MATIC seems prepared for upswings towards the resistance level of $1.
đTHE CATCH:
sentiments suggest recovery for MATIC price, technical indicators confirm a mixed bias.
Matic bounce back from its support level successfully, and trading below 200- EMA. That indicated improved sentiments amid buying interest and welcoming market conditions.
đMATICâs current price action:
MATICâs price reflected the broad market outlook today.
According to #CoinMarketCap the altcoin lost 2.01% from the 24-hour high at $0.596 to trade at $0.57 during this publication.
đThe #altcoin displayed increased momentum after a consolidation phase, confirming enhanced investor interest and potential price surges.
Moreover, Polygon boasts a stable number of wallets, suggesting consistency in new address creation.
Meanwhile, the project has seen slight upticks in wallets holding MATIC balances.
đThat indicates surges in network usage of accumulation by holders, signaling bullish moves for the altcoin.
đThe stabilizing before upward moves suggests underlying trust in the tokenâs future trajectory.
Further, increased integrations in the gaming world could help MATIC price sail to $1 in the next broad market rally.
Ronin_Network is using Polygon CDK to build a zk L2, meaning the top three gaming networks use Polygon tech