Altcoins

Polygon(Matic) Price Appears Unstoppable Until It Hits $2!

Highlights

    Polygon price smashes new highs, showcasing a strong momentum to head towards the set target probably at $2

    A cross-chain prediction market, PlotX, launched on Polygon mainnet to reduce the fees on DeFi prediction markets

Polygon price after a small accumulation period made a gigantic move and smashed a new all time high $1.49. The price in recent times has slashed below $1 at times when the whole crypto market had dropped. However, the price managed the trembled situation and rose above the levels within a small time frame. 

Currently, the price rally manifests a strong bullish trend which appears to be unstoppable until the initial target at $1.5 in met. Once done, the next target is all set at $2 which may happen very shortly from now. However, the price appears poised to hit $5 by next month, if the current trend continues further.

Also Read: Polygon (MATIC) Price Stands Strong Above $1, How High Will It Rally?

matic chart

As the price chart clearly showcases, Matic price has attained the set target levels within no time. The price was trending around $0.8 and smashed $1 within 24 hours.However, it revisited the same levels around $0.8, yet regained the lost position at $1.2 in no time. 

Further, the rally slumped close $1 multiple times yet rebounded above $1.12 the same trading day. Yet the price surged high since the early trading hours gaining a major boost with extreme positive market sentiments. 

The price at the press time is close to ATH at $1.45 with a massive jump of 34.9% since the past 24 hours. Considering the previous price movements, MATIC price may retrace a little, initiating a correction phase before the next leg up. However, the Polygon price may hit the milestone at $2 initially in the next couple of days and eventually head towards $5.

Also Read: Hedera Hashgraph(HBAR) Price Rallies High, $0.5 Approaching Fast

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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