Polygon

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/matic-price-analysis-will-matic-price-top-1-in-2023/">MATIC Price Analysis: Will MATIC Price Top $1 In 2023?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
With altcoins prices rising higher, MATIC takes a bullish stand as 2023 concludes following the Uptober season gains. The Polygon coin price surpasses the crucial EMAs and approaches the psychological mark of $1.
Recovering from a negative 33% YTD growth in September, the Polygon recovery trend finally turns profitable. Moreover, with increased chances of an uptrend continuation, the <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" rel="noopener noreferrer nofollow">MATIC price prediction</a> hints at crossing $1 in 2023.&nbsp;&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/08122902/MATICUSD_2023-11-08_12-05-29-1024x480.png" alt="" class="wp-image-242987" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/08122902/MATICUSD_2023-11-08_12-05-29-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/08122902/MATICUSD_2023-11-08_12-05-29-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/08122902/MATICUSD_2023-11-08_12-05-29-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/08122902/MATICUSD_2023-11-08_12-05-29-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/08122902/MATICUSD_2023-11-08_12-05-29-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/08122902/MATICUSD_2023-11-08_12-05-29.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
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Following the double bottom reversal and the Uptober season rally, the MATIC price continues to ride on a high-speed recovery trend. Crossing above the 50-day and 200-day EMA, the golden crossover possibility arises in the Polygon chart.&nbsp;
Further, the recent 50% hike in the last twenty days puts the Polygon token in a profitable state after facing a 33% year-to-date drop in September. Supporting the recovery trend, the intraday trading volumes over the past few days have increased sharply.&nbsp;
Currently, the MATIC price crosses the $0.75 mark, following the 200-day EMA breakout. Moreover, the altcoin trades at $0.7633 with an intraday growth of 2.98%, reflecting a strong bullish momentum.&nbsp;
Technical indicators:
Stochastic RSI: The K and D lines are on a recovery trend and trade close to the overbought zone, reflecting a strong bullish momentum.&nbsp;
EMA indicator: The positive trend in the 50-day EMA showcases the possibility of a golden crossover. Moreover, the bull run crossing the 200-day EMA signals a trend reversal.&nbsp;&nbsp;
<h2 class="wp-block-heading" id="h-will-matic-price-sustain-above-0-75">Will MATIC Price Sustain Above $0.75?</h2>
Following the 200-day EMA breakout, the MATIC price continues to rise and surpass the $0.75 mark. Further, the increasing volumes and strong bullish candles tease an uptrend continuation. Therefore, the chances are favourable for buyers to hold dominance at the $0.75 mark.&nbsp;
If the Polygon price exceeds $0.85, the uptrend can reach the psychological mark of $1.&nbsp;
Conversely, a reversal under $0.75 will drop the MATIC price to $0.55 if the buyers fail to hold dominance at $0.60.

MATIC Price Analysis: Will MATIC Price Top $1 In 2023?

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