Polygon (MATIC) Could See a Bull Run of 30% In the Next Few Days
CoinEdition
Published May 31, 2022 08:40AM ET
Updated May 31, 2022 09:00AM ET
Polygon (MATIC) Could See a Bull Run of 30% In the Next Few Days
- Polygon (MATIC) might rally in the coming days as many believe that the Polygon Network has bottomed over the weekend.
- MATIC is displaying signs of a possible 30% bull run in the days to come.
- The token currently trades at $0.6523, up by 2.35% over the last 24 hours.
Polygon (MATIC) might rally in the coming days as many believe that the Polygon Network has bottomed over the weekend.
MATIC is displaying signs of a possible 30% bull run in the days to come. The Ethereum transaction solution coin is expected to have bottomed at $0.55 over the past weekend. MATIC’s price has been revived by nearly 10% as bulls flocked to the crypto market.
MATIC is currently worth $0.6523. This favorable trade setup will test the $0.60 zone and will continue rallying with strong bullish candles.
MATIC’s Relative Strength Index (RSI) has also jumped back into the buyers’ zone, which leads people to believe that a definitive low may be in.
MATIC/ISDT 4-hour Chart (Source: FXStreet)
An invalidation for the uptrend thesis is still necessary for investors looking to partake in an early gamble. This invalidation will be a breach below $0.55. If the bears managed to close below $0.55, it is possible that they could decline to $0.45, which in turn will lead to a 30% decrease from MATIC’s current price.
As mentioned above, MATIC currently trades at $0.6523 after a 2.35% increase in price over the last 24 hours. The token reached a high of $0.672 over the same period. This price translates to about 0.0000207 BTC.
MATIC’s market cap currently stands at $5,177,315,079, and also saw a 24-hour trading volume of $523,459,714. According to CoinMarketCap, this is 34.52% less than yesterday’s figure.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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Written By: CoinEdition
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