MATICs Bullish Divergence Signals 300% Surge Towards New All-Time High: Report
- MATIC signals a 300% surge, with a potential new all-time high of $2.879, driven by bullish divergence.
- Strong momentum continues as MATIC rises 12% in a week, backed by bullish technical indicators.
- Rising demand in DeFi and NFTs strengthens MATICs position, paving the way for future price growth.
Polygon (MATIC) is indicating a massive breakout which is further backed by a bullish divergence. In a recent X post, Javon Marks points to this technical indicator as the largest ever seen for MATIC, which could mean one of the tokens best rises yet. The prediction shows that there is an probable increase of 300%, and coin may hit a new all-time high.
MATIC Breaks Resistance Levels
The bullish divergence suggests a powerful change in trend, with present patterns suggesting a major rise. Based on the analysis a price target of $2.879 which is close to three hundred percent premium to the current price of $0.77.
The token has been following an upward trajectory, green candles, and increasing trading volume are a indicator of the bulls. Technical analysis strengthens the claim that MATIC is capable of breaking through the resistance and head towards $2.879. As of writing, token is trading at $0.7089, showing a 4.84% increase over the past day.
Source: TradingView
Investor sentiment regarding coin is still very bullish. The token has been integrated into the decentralized finance (DeFi) and non-fungible token (NFT) systems and is still expanding. Polygon Layer 2 solution has gained much attention due to low transaction fees and high throughput, hence the high demand for coin. These factors will lead to further price appreciation as more projects and developers are adding their projects to Polygons network.
MATIC Eyes Massive Surge
However, the analysis underscore that for coin to sustain its upward trend, it has to hold above specific supports. The failure to do so could jeopardize the projected rally. Nevertheless, as long as the current trend will persist and the main support level will be held, such possibility is possible.
MATIC is primed for a massive move higher, with some excellent technicals and buying pressure driving the price higher. This implies that if the token can keep up this pace, then it may easily hit new highs, and in the event attract the attention of investors in the crypto market.
Read more: https://www.tronweekly.com/matics-bullish-divergence-signals-300-surge/
Text source: TronWeekly
