This is When Polygon (MATIC) Price May Explode and Mark New ATH in 2023
The post This is When Polygon (MATIC) Price May Explode and Mark New ATH in 2023 appeared first on Coinpedia Fintech News
Polygon price yet again faced rejection from the pivotal level very close to $1.5 and experienced a minor pullback. The market sentiments have slightly flipped under the notable bearish influence and hence the price could slightly drop and test the lower support soon. However, considering the wider range, the piece is believed to rise above the consolidation and mark new highs before the end of 2023.
MATIC price is currently manifesting its strength as the platform is becoming robust every new day. The price is holding much above the lower support and intends to reach the key levels in the next couple of weeks. However, before the bullish wave is triggered, the MATIC price may slide down slightly which may attract massive liquidity over the platform to rise high in the coming days.
The MATIC price after an extended accumulation has sparked a fine upswing to reach levels close to $1.5. The current bearish divergence may be extended as the volume remains heavily consolidated below the required levels.
Considering the above chart, it is quite evident that the volume spikes at frequent intervals, and hence the next volume growth is a little distinct. Until then, the MATIC price may display fake breakouts, testing the support.
With the upswing, the price may rise above $2 initially recording a jump of more than 60%, while the next target could be around $2.44. Meanwhile, the price may face some bearish actions at these levels but the rally is believed to continue ranging high to register more than 100% growth in the coming days. In such a case, the Polygon (MATIC) price may form new highs beyond $3 during H2 2023.
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
