Polygon (MATIC) seems to have its vigor back with it potentially breaching $1 in the coming days.<\/p>\n
Polygon price is seen to generate massive gains at 108%
\nMATIC price shoots close to a critical level that bulls are eyeing to test
\nSet your eye on this critical level to catch the uptrend<\/p>\n
MATIC price is moving extremely bullish and could squeeze pushing the price above $1 setting the stage for a huge uptrend that could potentially double the coin\u2019s price to $2.<\/p>\n
With that being said, MATIC is set to make as much as 100% of gains in the next couple of months. <\/p>\n
The token\u2019s price open this week close to a key level as Sunday\u2019s price rally allows the coin to hover close to the $1 range which is pivotal in the next trading sessions.<\/p>\n
MATIC To Breach The $1 Mark?<\/p>\n
The $1.1 mark is crucial once the bulls start to trade in that level or breach the 200-day SMA. Once that is broken, this will indicate the end of crypto winter and that the bulls can rally further toggling on a longer-term upswing.<\/p>\n
For that to happen, MATIC price will have to breach above the 200-day SMA and swerve past a rejection spotted at a monthly resistance level of $1.14. <\/p>\n
If the bulls manage to steer clear of that and end the week at a range above the key resistance of $1.14, then that would be the day.<\/p>\n
They can can avoid and close the week above $1.14, then this signals a looming uptrend that is considered as a huge bearish event, especially with the Fed rate decision still a month away. <\/p>\n
If they manage to play by the book then that would mean 108% in total gains.<\/p>\n
Polygon Bears Pushing Back Price To $0.44<\/p>\n
According to CoinMarketCap, MATIC is down by 1.40% or currently trading at $0.9525 as of this writing. And it seems now the bears are regaining traction.<\/p>\n
With the elements in order, a rejection may be nearby and hint a next crypto winter cycle. The rejection is seen to be at $0.80 below the 55-day SMA. <\/p>\n
Should bears regain power, MATIC price is at risk of losses at 55% and the price pushed back to $0.44.<\/p>\n
MATIC was able to peak at $2.9 in December 2021. But, when the crypto winter starts rolling, MATIC was among the first ones to crash hard and has even lost as much as 88% or a plunge to $0.34.<\/p>\n
When the crypto market kickstarts its recovery phase, MATIC soars by a whopping 200% in a matter of two months reaching $1. <\/p>\n
The next critical price to target is now $2 which can happen if MATIC manages to jump over the resistance set at $1.35 and $1.8.<\/p>\n\n
MATIC total market cap at $7.4 billion on the daily chart | Source: TradingView.com<\/p>\n
Featured image from CoinCu News, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Polygon (MATIC) seems to have its vigor back with it potentially breaching $1 in the coming days.<\/p>\n
Polygon price is seen to generate massive gains at 108%
\nMATIC price shoots close to a critical level that bulls are eyeing to test
\nSet your eye on this critical level to catch the uptrend<\/p>\n
MATIC price is moving extremely bullish and could squeeze pushing the price above $1 setting the stage for a huge uptrend that could potentially double the coin\u2019s price to $2.<\/p>\n
With that being said, MATIC is set to make as much as 100% of gains in the next couple of months. <\/p>\n
The token\u2019s price open this week close to a key level as Sunday\u2019s price rally allows the coin to hover close to the $1 range which is pivotal in the next trading sessions.<\/p>\n
MATIC To Breach The $1 Mark?<\/p>\n
The $1.1 mark is crucial once the bulls start to trade in that level or breach the 200-day SMA. Once that is broken, this will indicate the end of crypto winter and that the bulls can rally further toggling on a longer-term upswing.<\/p>\n
For that to happen, MATIC price will have to breach above the 200-day SMA and swerve past a rejection spotted at a monthly resistance level of $1.14. <\/p>\n
If the bulls manage to steer clear of that and end the week at a range above the key resistance of $1.14, then that would be the day.<\/p>\n
They can can avoid and close the week above $1.14, then this signals a looming uptrend that is considered as a huge bearish event, especially with the Fed rate decision still a month away. <\/p>\n
If they manage to play by the book then that would mean 108% in total gains.<\/p>\n
Polygon Bears Pushing Back Price To $0.44<\/p>\n
According to CoinMarketCap, MATIC is down by 1.40% or currently trading at $0.9525 as of this writing. And it seems now the bears are regaining traction.<\/p>\n
With the elements in order, a rejection may be nearby and hint a next crypto winter cycle. The rejection is seen to be at $0.80 below the 55-day SMA. <\/p>\n
Should bears regain power, MATIC price is at risk of losses at 55% and the price pushed back to $0.44.<\/p>\n
MATIC was able to peak at $2.9 in December 2021. But, when the crypto winter starts rolling, MATIC was among the first ones to crash hard and has even lost as much as 88% or a plunge to $0.34.<\/p>\n
When the crypto market kickstarts its recovery phase, MATIC soars by a whopping 200% in a matter of two months reaching $1. <\/p>\n
The next critical price to target is now $2 which can happen if MATIC manages to jump over the resistance set at $1.35 and $1.8.<\/p>\n
MATIC total market cap at $7.4 billion on the daily chart | Source: TradingView.com<\/p>\n
Featured image from CoinCu News, chart from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-5709","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=5709"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5709\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5709"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}