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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/matic-price-eyes-20-jump-is-it-the-best-time-to-buy-polygon/">MATIC Price Eyes 20% Jump, Is It The Best Time To Buy Polygon?&nbsp;</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
As the price of Bitcoin struggles to surpass the $38,000 barrier, a pullback phase kicks in and slows the momentum in the altcoins market. The MATIC price is an exception, continuing to rise higher and approaching the psychological mark of $1.
Driving the year-to-date growth to 26%, the Polygon chart finds a trend reversal and brings new entry points for sideline buyers. Moreover, the reclamation of the $1 post will improve the <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" rel="noopener noreferrer nofollow">MATIC price prediction</a> and tease a long-term uptrend.&nbsp;&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2023/11/14113621/MATICUSD_2023-11-14_11-00-47-1024x481.png" alt="" class="wp-image-244829" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/14113621/MATICUSD_2023-11-14_11-00-47-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/14113621/MATICUSD_2023-11-14_11-00-47-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/14113621/MATICUSD_2023-11-14_11-00-47-768x361.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/14113621/MATICUSD_2023-11-14_11-00-47-1536x722.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/14113621/MATICUSD_2023-11-14_11-00-47-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/14113621/MATICUSD_2023-11-14_11-00-47.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source – <a href="https://www.tradingview.com/x/KvVP3ViJ/" rel="noopener noreferrer nofollow">Tradingview</a>
Finding a huge surge in demand over the last few weeks, the MATIC price is up by 87% in the last 26 days. Bouncing back from the $0.50 mark, the intraday trading volumes skyrocketed, supporting the bullish reversal.&nbsp;
The price action analysis highlights a rounding bottom breakout in the 1D chart as the uptrend surpasses the $0.85 supply zone. Following the breakout, the momentum continues to grow as the uptrend reaches $0.93, signalling positive sentiments on the rise.&nbsp;
Currently, the MATIC price trades at $0.93 with an intraday growth of 5.80%, reflecting a strong bullish momentum. Moreover, the intraday jump forms a bullish engulfing candle and teases a rally above the $1 mark.
Technical indicators:
RSI Indicator: The daily RSI line continues to hover in the bullish overbought zone and stands at 78%. Thus, the momentum indicator showcases a solid bullish momentum.
EMA indicator: The declining gap between the 50D and 200D EMA projects a high possibility of a bullish reversal.&nbsp;&nbsp;
<h2 class="wp-block-heading" id="h-where-is-matic-price-heading-beyond-1">Where Is MATIC Price Heading Beyond $1?</h2>
Considering the overall market recovery continues to sustain the journey, the blue-chip altcoins can surpass their previous All-time Highs. In the case of Polygon, the MATIC price is ready to cross the $1 mark, and this event will signal a trend reversal and prolong the uptrend.&nbsp;
The uptrend beyond $1 teases a 20% bull run to the overhead supply zone at $1.20. The MATIC price can cross the 52W high of $1.56 in the long term.&nbsp;
Conversely, a reversal before reaching $1 can drop the MATIC price to the $0.80 mark.&nbsp;

MATIC Price Eyes 20% Jump, Is It The Best Time To Buy Polygon?

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