Price Analysis

Polygon(MATIC) Price Primed For 53% Upswing Hitting $2.5 Soon! Here’s When and How

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Mar 25, 2022

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Highlights

    MATIC price is all set to barge-in through the upper resistance levels and continue to head towards the crucial levels around $2

    The platform has announced some important updates to be released soon that may largely impact the Polygon price

The crypto space has made a large move since the beginning of the present day’s trade as the Bitcoin price showcase huge bullish momentum. And hence the top altcoins are also heading strongly towards their respective resistance. Therefore, Polygon price is also displaying a huge bullish tendency. 

The price flipped from the lower support just below $1.4 levels and maintained a substantial uptrend. This uptrend continued until the price ranged high above $1.5 levels. However, the asset is yet to test the upper pivotal resistance close to $1.7. This may not be an easy job but the MATIC price may achieve in the next couple of days. 

Also Read: Bitcoin(BTC) Price to Form a New ATH Above $72,000 in July or August 2022!

On the other hand, the Polygon platform has announced a couple of updates which is believed to be pretty massive. The platform believes with the release of Polygon’s multi-chain Ethereum is about to explode very soon. And hence with the release of the two products, the MATIC price may undergo an extremely bullish trend!

Also Read: SOL Price Primed to hit $246 During the Mid- Q2 2022! Is it the Good Time to Buy Solana? 

The Story is to be updated!

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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