Polygon Matic Crypto Price Prediction - Will Polygon Reach $2?
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Polygon (MATIC) crypto is back in the limelight today as the price soars beyond 20% over the last 24 hours. Many bullish indicators on the price charts reflect that there could be a possibility that MATIC recovers back to the $2 price level.
How high can Polygon (MATIC) pump and what stronger alternative cryptocurrencies does the blockchain market have to offer during this crypto winter?
Over the last week Polygon (MATIC) has printed an impressive series of green daily candles on the price charts. Currently, Polygon is trading at $1.16.
According to Coinmarketcap Polygon (MATIC) is now ranked #11 amongst other cryptocurrencies and the bulls are showing no signs of weakness.
We could potentially see Polygon (MATIC) reclaim its position as a top 10 cryptocurrency.
Polygon (MATIC) is currently trading in a bullish ascending channel where we could see more positive momentum to roughly $1.31
An ascending channel is typically known as a bullish continuation pattern, however on this particular occasion a bearish divergence is forming on the relative strength index.
This could suggest that we might see a short term pull back for Polygon (MATIC) following the pump.
It is imperative that Polygon (MATIC) does not lose structure of the support trendline at $1.11 otherwise there could be negative continuation down to $1.01
The bullish scenario is that Polygon (MATIC) attempts a swing high to the resistance trendline of $1.20, if this particular level is broken we could see positive continuation up to $1.29.
If Polygon (MATIC) can reclaim $1.29 and continue pumping, we might see the next price
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