Polygon (MATIC) Continues to Surge, Breaking $1 Threshold
While many cryptocurrencies are experiencing a slowdown in their gains, Polygon (MATIC) is still going strong. The cryptocurrency has broken the $1 threshold and is showing significant increases on all of its charts. There are also signs of further bullish continuation above $1.70.
Polygon’s Potential Breakout from a Symmetrical Triangle
Crypto market analyst Ali Martinez has observed that Polygon’s cryptocurrency appears to be on the verge of breaking out from a symmetrical triangle. This observation was shared in a post published on December 26. Martinez suggests that if there is a sustained weekly candlestick close above $0.96, MATIC could potentially reach $1.73.
Increase in Whale Activity and Positive Price Change
Martinez has previously noticed a substantial increase in whale activity on the MATIC network. This often signals a positive price change, leading him to believe that a major price move for MATIC may be imminent. These observations were made on December 21 when Polygon was trading below $1.
Polygon Price Analysis
Currently, MATIC is trading at around $1.045, indicating a 17.97% increase in the last 24 hours. Over the past seven days, it has seen a gain of 34.37%, and on its monthly chart, it has advanced by 40.57%. These figures suggest that Polygon’s crypto asset is preparing for a rally to $1.70 and potentially beyond.
Hot Take: Polygon’s Resilience and Potential for Growth
Polygon’s cryptocurrency, MATIC, has shown resilience amid challenges and is emerging from a position of yearly loss in its price. The current momentum indicates a potential rally to $1.70 and beyond. However, it remains to be seen if Martinez’s predictions will come true by the end of this week.
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