Market Snapshot

S&P Futures
Dow Futures
NASDAQ Futures

Polygon (MATIC) coin price prediction

Related Topics

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

Polygon (MATIC) has been trending downwards ever since the market crashed. MATIC coin has been struggling with bearish momentum and the bulls could not sustain the coin. At the time of writing, Polygon stands at a price level of $1.12. The price has gone up by 5% in the past twenty-four hours while the daily trading volume has declined by the same proportion. Matic coin is the sixteenth largest cryptocurrency in the market.

Polygon (MATIC) Technical Analysis

The market sentiment for cryptocurrency is bearish. Out of the twenty-four technical indicators, ten are standing at a sell position while ten are standing at a neutral position with six indicators giving out a buy signal. The oscillators are neutral while the moving averages are bearish.

Polygon (MATIC) technical analysis
Polygon (MATIC) technical analysis

Matic coin has been brutally bearish. The cryptocurrency fell towards $1 – testing the support level. The support level of $1 appears to have held for now and some bullish momentum has been restored as the coin is moving upwards. A trader’s analysis suggests that Polygon will sustain its upward movement and move towards breaking the strong resistance level which lies at the price level of $1.89.

Polygon (MATIC) price prediction

Polygon raise to fame amidst the bull run of 2021 as the cryptocurrency showed a phenomenal performance. The project is considered as the debut of Indian developers into the cryptocurrency sphere despite the Indian government’s ban on cryptocurrencies. Polygon network is for the scaling of Ethereum and the network aims to increase connectivity and multi-chain blockchain infrastructure.

Wallet Investors’ estimates suggest astounding growth of the network. The one-year projection places the cryptocurrency at a price level of $7.24 while the 5-year forecast suggests a price level of $30.59.

Leave a Comment

Your email address will not be published. Required fields are marked *

ASPU Stock

Top Robinhood Stocks for 2021

We are into the second phase of 2021 and the stock market is already creating new entry points. For more than a year, volatility has

Don’t Fall Behind

SOCIAL LINKS

Latest Posts

Don’t Fall Behind

Each one contains a weekly recap of the cryptocurrency market, top gainers and losers, new all time high achievers, key ICOs and Hottest Airdrops. Plus, you can expect to find one or two other topics in there as well as lots more data to keep things interesting.
 

Sign up today for our free weekly newsletter!

100% free. stop anytime no spam