MATIC Price Could Surge 76% to $1.5
Some crypto analysts believe that the MATIC price could potentially see a significant surge back above $1.5. According to Babenski, a breakout above $0.9 could spark a substantial rally, signaling the start of another bullish trend for the Polygon native token.
The analyst points out that although the price is currently facing some resistance, breaking out of this pattern would be bullish and could see it rise above the coveted $1 level. This sentiment is also echoed by another analyst, Nathan at MyCryptoParadise, who sees a potential for a breakout from its current supply area, pushing the price above $1.1.
Maintaining A Bullish Outlook
Nathan’s analysis suggests that if MATIC struggles to break through the supply area, it could trigger a downtrend, causing the price to dip and head towards demand at $0.69. However, if it fails to sustain its position and breaches the demand area, MATIC could revert to a bearish movement, potentially retracing to a robust support area.
Hot Take: MATIC’s Potential for Growth
The MATIC price has shown signs of potential growth, with analysts predicting a surge above $1.5. While there are hurdles to overcome, including resistance patterns and supply areas, there is optimism about the token’s ability to continue its upward trajectory.
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