Render

Ignite

Polygon

Parallel

Billion

<p>Ali <a href="https://twitter.com/ali_charts/status/1739699091829850405" target="_blank" rel="noreferrer noopener nofollow">notes</a> that a sustained weekly close for MATIC above diagonal triangle resistance, currently around $0.96, opens the door for an advance toward $1.73.</p> 
<p>As covered in the technical analysis by altFINS, MATIC trades within the symmetrical triangle following its breakout from a range between $0.50 and $0.60 earlier this year. That initial move confirmed a trend reversal from bearish to bullish across timeframes.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="666" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-1024x666.png" alt="" class="wp-image-407489" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-1024x666.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-300x195.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-768x499.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-1536x998.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-2048x1331.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-231x150.png 231w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-538x350.png 538w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707-788x512.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-707.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Now, with MATIC appearing to complete a healthy consolidation after briefly peaking near $1.00, an upside resolution approaches with the token pressing against triangle resistance. While often continuation patterns, symmetrical triangles still require decisive breaks before confirming the resumed prevailing trend—in this case, pointing up.</p> 
<p>Hence MATIC bulls keenly await a weekly candle end above $0.96 before expecting the rally to Ignite to nearly double where Polygon trades currently. A move of that magnitude would take it very close to eclipsing its former all-time high around $2.70 in December 2021. It would also represent gains of over 250% from mid-2023 lows below $0.30.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-1024x573.png" alt="" class="wp-image-407497" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-708-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-708.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em>Source: </em><strong><a class="thirstylink" rel="nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>  
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<p>With layer-2 solutions like Polygon benefiting disproportionately from Ethereum’s ascent, a sea of green likely awaits MATIC if its technical picture strengthens at this key inflection point.</p> 
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<p>The post <a href="https://captainaltcoin.com/why-is-polygon-matic-price-up-analyst-says-a-close-above-this-level-could-push-it-to-1-73/">Why is Polygon (MATIC) Price Up? Analyst Says a Close Above This Level Could Push it to $1.73</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is Polygon (MATIC) Price Up? Analyst Says a Close Above This Level Could Push it to $1.73

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