MATIC Price Surges Over 15% to Reach $0.85
The present surge in the price of MATIC has seen it climb over 15%, reaching $0.85 in a strong positive trend move, making a push beyond the whole lot of $1 mark an imminent possibility.
MATIC Experiencing Whole lot of Surge
MATIC has recently experienced a remarkable surge in its value and market capitalization. In the previous few weeks, the token has reached price levels not seen since last July. Data from Santiment shows that its market capitalization has grown by 54% in a mere 3 weeks. This whole lot of surge has been greatly supported by large wallets holding a substantial amount of MATIC tokens, leading to increased buying pressure and a resultant price increase in the market.
MATIC Price Action
The present trading price for MATIC is $0.82. After reaching a low over $0.65, the price experienced a strong increase, breaking past $0.70. Regardless of a sharp fall to $0.78, the price surged past $0.80, hitting a peak of $0.85 and testing resistance at $0.850. Nonetheless, a subsequent sharp decline brought the price to its current level. MATIC faces immediate resistance at $0.850, with major resistance at $0.880, while downside correction may see support levels at $0.80 and $0.775.
Hot Take: MATIC’s Bright Future
MATIC’s recent surge shows promising probable for further growth, with key wallets accumulating whole lot of amounts of tokens to facilitate the price increase. With the present positive trend sentiment and increased buying pressure, MATIC is poised continuation its upward momentum, potentially surpassing the critical $1 mark in the future.
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