Polygon Value Evaluation: MATIC makes ATH at $2.92, goals for $3 subsequent


TL;DR Breakdown

  • At the moment’s Polygon worth evaluation is optimistic, because the token’s valuation reached a brand new all-time excessive.
  • The token is at present ranked 14th in the marketplace.
  • MATIC is now aiming to push via the $3 barrier.

At the moment, the Polygon (MATIC) worth hit a document all-time excessive of $2.92, and it seems like $3 is the following goal. The each day candlestick on Monday is off over 1%, whereas the token has gained upwards of 6% inside final 24 hours.

The information from CoinMarketCap means that the buying and selling quantity of MATIC rose by 41.90% whereas the market cap rose by 6.72%, at present standing at $20 billion. Moreover, in December, the token is up by 59%, coming into 2022 with large beneficial properties.

The each day candle for Monday kicked off at $2.876, reaching a each day excessive of $2.92 which was additionally the all-time excessive, and at last, falling to a each day low of $2.808. Nevertheless, on the time of writing, the value of MATIC stands at $2.84.

Polygon worth evaluation on the each day chart

Polygon worth evaluation for the quick time period appears very bullish as it’s clear that new all-time highs are in retailer for the token. As per the chart beneath, the Shifting Averages of fifty days and 100 days are beneath the value motion. In any case, the costs flip bearish; these strains will act as help ranges.

Subsequent, the RSI indicator exhibits that the costs have spiked by an infinite quantity, with the road capturing up within the bullish area. The possibilities of worth surge stay, however a brief correction could observe to chill off some steam and make manner for additional excessive beneficial properties.

Polygon price analysis
Polygon worth evaluation on the chart by TradingView

The MACD indicator exhibits that the MACD line (blue) continues to progress above the sign line (orange), main to very large inexperienced bars on the MACD histogram. The bulls aren’t exhausted but.

Polygon Price Analysis: MATIC makes ATH at $2.92, aims for $3 next 1
Polygon worth evaluation on the chart by TradingView

Conclusion

Polygon worth evaluation might be concluded on a bullish notice for the quick time period because it has made a brand new all-time excessive and goals to interrupt into the $3 worth degree. It’s at present ranked at quantity 14th and seeks to enter the highest 10 cryptocurrencies quickly.

Disclaimer. The knowledge offered will not be buying and selling recommendation. Cryptopolitan.com holds no legal responsibility for any investments made primarily based on the knowledge offered on this web page. We strongly advocate impartial analysis and/or session with a certified skilled earlier than making any funding selections.

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