Polygon's MATIC token might see a significant surge, suggests a crypto analyst, contingent upon overcoming a crucial resistance at $1.34.
Extreme price volatility is anticipated by Rekt Capital upon breaching this resistance, potentially propelling MATIC above the $2 mark, assuming bullish momentum persists.
Presently trading at $1.25, MATIC has observed a 10% increase over the past week, with on-chain volume indicating a steady rise, surpassing one billion at last check.
Decreased circulation, currently at 32.23 million tokens per day, hints at a potential price appreciation for MATIC, with fewer tokens available for sale.
Active addresses on the Polygon network have surged to 484,000 within a 24-hour span, indicating heightened user interaction, a bullish signal for MATIC's price.
While technical analysis aligns with the potential for a surge, caution is advised as profit-taking could trigger a steep correction. However, current market conditions may limit the duration of any downturn.
Overall, while optimism surrounds MATIC's potential surge, cautious monitoring remains prudent amidst market uncertainties.
Grayscale's recent portfolio adjustments reflect its commitment to adapt to market dynamics. While some tokens were added, others were strategically removed, showcasing the company's proactive investment strategy.
Cheng YuanMATIC Polygon's promising performance hints at a potential surge towards $1.20, buoyed by industry momentum and bullish projections. Analysts and patterns foresee a significant upward trajectory, fostering anticipation for Polygon's continued ascent.
JoyMATIC, mata uang kripto asli Polygon, baru-baru ini mendapatkan daya tarik, menunjukkan peningkatan lonjakan harga sebesar 50% dalam 20 hari terakhir, di tengah tren optimisme yang melingkupi pasar mata uang kripto karena reli Uptober yang baru saja berakhir.
Bitcoinworld
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Cointelegraph