Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend?

Polygon (MATIC). It seems like it has regained its strength with the possibility of reaching $1 over the next days.

  • The Polygon price generates huge profits at 108%
  • MATIC price closes to the critical level bulls desire to see
  • To catch the trend, keep your attention at this level

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’s price to $2.

MATIC expects to see as high as 100 percent gains over the next few months.

The token’s price open this week close to a key level as Sunday’s price rally allows the coin to hover close to the $1 range which is pivotal in the next trading sessions.

MATIC to Break the $1 Mark

If the bulls trade at this level or exceed the 200 day SMA, then the $1.1 marker is critical. If that mark is broken it will signify the end of crypto-winter and the bulls may continue toggling in a longer-term rally.

MATIC prices must rise above the 200-day SMA in order to achieve that. They also need to evade rejections at $1.14 monthly resistance levels.

The bulls will be able to avoid that trap and finish the week in a range that is above $1.14.

The Fed rate decision is still one month away, so if they are able to prevent and close the week below $1.14 this signalizes a large bearish uptrend.

They would make 108% if they followed the rules.

Polygon Bears Increase Price to $0.44

Based on CoinMarketCapMATIC has fallen by 1.40% and is currently trading at $0.9525. It seems that the bears have regained their momentum.

The elements being in their right order may indicate that there is a possible rejection and a crypto winter cycle. Rejection is at $0.80 under the 55-day SMA.

MATIC price could be at high risk if bears win power. It will drop to 55%, and then fall back to $0.44.

MATIC reached $2.9 at its peak in December 2021. MATIC crashed hard when crypto winter started rolling. It lost 88% and plunged to $0.34.

MATIC surges 200% when the cryptocurrency market recovers, and in just two months it reaches $1.

If MATIC can overcome the resistance at $1.35 or $1.8, then $2 is the next price that must be reached.

MATIC market capital at $7.4 Billion according to the daily chart. Source: TradingView.com| Source: TradingView.com

Featured image taken from CoinCu News. Chart by TradingView.com

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