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Wednesday, November 30, 2022
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    HomeMarketPolygon (MATIC) eyes new all-time highs – Can it actually do it?

    Polygon (MATIC) eyes new all-time highs – Can it actually do it?

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    Polygon Logo on a mobile phone screen

    Many cash are experiencing a combined begin to April. Polygon (MATIC) specifically, seems to be dropping momentum after a robust push on the finish of final month. However regardless of this, the altcoin continues to be eying some all-time highs within the close to time period. Listed below are all of the info you have to know:

    • MATIC nonetheless stays inside an important demand zone regardless of falling 8% in 24 hours.

    • Technical indicators counsel {that a} surge in the direction of $2 is extremely doubtless this week.

    • This might open up a door for a brand new all-time excessive of $3 within the close to time period.

    Knowledge Supply: Tradingview 

    Polygon (MATIC) – The street to ATHs

    Hitting $3 could have appeared inconceivable for MATIC a number of weeks in the past. The coin was actually struggling to seek out any upward momentum. However issues have actually rotated. At one-point MATIC was the truth is testing $2 albeit it has since fallen ever since.

    However even with this slowed uptrend, the coin is now between an important demand zone of between $1.44 and $1.55. If bulls are capable of preserve the worth inside this vary, it’s doubtless that MATIC will escape and race in the direction of $2 once more within the coming days.

    The important thing factor after this could be to see simply how lengthy the worth can keep above $2. If we see a sustained push above $2, it can solely be a matter of time earlier than MATIC smashes $3, setting a brand new all-time excessive within the course of. This thesis will nonetheless be invalidated if the worth closes under $1.44.

    Is MATIC purchase now?

    So long as MATIC stays inside the demand zone listed above, we consider it has quite a lot of upward momentum. It will due to this fact make sense to purchase it and exit at round $2. Lengthy-term traders also can seize MATIC proper now earlier than they’re priced out within the coming rally.

    The publish Polygon (MATIC) eyes new all-time highs – Can it actually do it? appeared first on Coin Journal.



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