Price Analysis

Polygon Ready To Explode, MATIC Price Poised For A 30% Upswing!

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Highlights

    MATIC price after 25% rally is ready to undergo yet another similar uptrend and could also smash $1.2 levels soon

    The path to $2 could be more clear if the price successfully hits and sustains above specific levels

The crypto markets are on the path of recovery as the Bitcoin price could register a daily close with a bullish green candle. Other assets like MATIC price after shedding more than 50% gains from their ATH, appears to have reversed the trend. The Polygon price would always be at the top if all the assets compete to have a faster recovery. 

No doubt, the asset is still more than 50% away from its current ATH, yet it carries huge potential to bounce with a huge margin. The price in the past couple of days has been recorded a couple of huge green candles that uplifted the price above $1. Despite a slight pullback below $1, the price quickly regained the levels in a short time frame. 

Also Read: Here’s When The Details on Hinman’s Deposition Will Be Out, How Will XRP Price Be Impacted?

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As the bulls gain major control, the price could also propel high as the accumulation phase may soon come to an end. With an increased volume and a growth in substantial buying pressure, the price could eventually break the symmetrical triangle. The outcome could be the testing of the immediate resistance levels at $1.12. And later followed by a spike to next levels around $1.27. 

However, as the selling pressure mounted with a slight jump, a notable plunge could also hinder the polygon price rally. In such a case, a significant dip may also be witnessed. In extreme scenarios, the MATIC price may also rally below $1. Yet like most of the time, the price could set a massive recovery like a giant. 

Also Read: Bitcoin Price Stood Bullish 8 Days Straight, A Dump-Week May Be Waiting Ahead!

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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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