Price Analysis View Non-AMP

Polygon Price Analysis: MATIC on the Cusp of Major Uproar Ahead

Published by
Elena R

Polygon (MATIC), a top-tier layer two scaling solution built on the Ethereum (ETH) network, is preparing for an inevitable liftoff amid the mainstream adoption of web3 protocols and smart contracts. The mid-cap altcoin, with a fully diluted valuation (FDV) of about $8.6 billion,” and a daily average trading volume of around $280 million, is in the early stages of the macro bull cycle. 

Furthermore, the MATIC price is only up around 70 percent from its low of about 50 cents last year. 

Why Bet on Polygon Win this Bull Cycle

Following the recent Ethereum’s Dencun upgrade, the Polygon network, as with other L2s, has registered increased on-chain activity due to the notable reduction in transaction fees. According to market data provided by defillama, the Polygon network has a total value locked of about $1 billion and collected fees of around $111k from a 24-hour trading volume of around $112 million on its web3 protocols.

With over $9.9 billion in bridged TVL, the Polygon network stands to benefit from the rising adoption of Ethereum’s web3 ecosystem fueled by institutional investors.

Midterm MATIC Price Forecast

After closing last month on a Doji candlestick, MATIC price opened April on a bearish note amid the ongoing crypto correction led by Bitcoin. Nonetheless, MATIC price has consistently closed above the 50 monthly Moving Average (MA) as the Relative Strength Index (RSI) retests the 50 level. 

According to a MATIC price analysis by Ali Martinez, the altcoin is about to rebound in the near term after the TD sequential indicator pointed to a buy signal in the daily time frame. The crypto analyst issued a midterm target of between 95 cents and $1 for the MATIC price.

Furthermore, MATIC price has been forming higher highs and higher lows on the weekly time frame since the bullish breakout late last year.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

7 Best Meme Coins to Buy Now — APC Coin’s Deflationary Setup Catches Eyes with Neiro, Pepe Unchained, and More

What if the next big crypto boom isn't driven by Bitcoin or Ethereum, but by…

June 7, 2025

Top 7 Indicators That Ozak AI Is the Next Big Thing in AI Tokens

Convergence of artificial intelligence (AI) and blockchain technology continues to reshape the crypto space, one…

June 7, 2025

A New Era Begins with FUNToken AI Agent

FUNToken launches a smart rewards bot — the first step toward building an AI agent…

June 7, 2025

The 6 Best Crypto Exchanges: Top Picks for Seasoned Pros in 2025

The crypto market of 2025 is now a full-blown financial arena where professionals, institutional traders,…

June 7, 2025

Analysts Say This New Crypto Is The Best Risk-To-Reward Play Over Dogecoin (DOGE)

Analysts are spotlighting Mutuum Finance (MUTM) as the best crypto to buy now, outshining Dogecoin…

June 7, 2025

Investors Are Moving Beyond Dogecoin (DOGE): Ruvi AI (RUVI) Emerges as the Smarter 2025 Altcoin Bet

Investors seeking more than speculative momentum are increasingly shifting their attention from Dogecoin (DOGE) toward…

June 7, 2025