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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/matic-price-fueled-with-bullish-trend-will-the-polygon-token-reclaim-1-this-week/">MATIC Price Fueled With Bullish Trend! Will The Polygon Token Reclaim $1 This Week?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
The crypto market experienced a consolidated weekend as major cryptocurrencies traded sideways, following which the week started trading in the red as the market recorded a correction of approximately 3.5% within the past two days.
On the positive side, Layer-2’s Polygon token gained significant momentum following the reports of it leading the gaming sector. <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" rel="noopener noreferrer nofollow">MATIC price</a> recorded a gain of over 10%, making it one of the top gainers within the past day.&nbsp;
Moreover, the upcoming Polygon’s “POL” upgrade is around the corner, which is expected to play an important role in the forthcoming prolonged bull run.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/DtMNE_YWbo5K7YoDTH3EbblpmkI_6DwJ9nNtpn5P-6RTAjd584musKVpq27cY-LwlBjtDKh0RJnCLTjxhNoIjw8SSYO_rHQcrvkWyGOF3I4syRD4df7l-PFUhVBCBPbBGazlQ-uGpg4sp6gV0bPBIKA" alt="Polygon Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: MATIC/USDT
 </figcaption>
</figure>
Polygon price started trading in November on a positive note as the price gained over 50% in value within the first half of the month, jumping from $0.6287 to $0.9471. Following the surge, the MATIC token broke out of multiple resistance levels, but the price experienced a minor correction at $0.7408.
Following this, the price regained momentum but was later rejected at $0.8620, after which the price was seen trading sideways. Recently, the Polygoin token experienced a bullish momentum, resulting in the price breaking out of its upper level, and the price has been hovering around the resistance/support level of $0.9349 since.
The MACD displays a massive price action as the price has experienced constant volatility. Further, the averages show a bullish convergence, suggesting the price will continue gaining value in the coming days.
<h2 class="wp-block-heading" id="h-will-matic-price-reclaim-1-soon">Will MATIC Price Reclaim $1 Soon?</h2>
If the bulls continue to gain momentum and push the price above the resistance level of $0.9640, the MATIC price will regain momentum and prepare to test its upper resistance level of $1.
Maintaining the price at that level will set the stage for the MATIC token to attempt to test its resistance level of $1.20 by the year-end.
Conversely, if the bears overpowered the bulls and the price falls below the support level of $0.9349, the price will lose momentum and fall to test its lower support level of $0.8620 soon.
Moreover, if the bears maintain their hold over the market, Polygon will experience a plunge in its value and prepare to test its crucial support level of $0.8030 in the coming days.

MATIC Price Fueled With Bullish Trend! Will The Polygon Token Reclaim $1 This Week?

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