Cryptocurrency

Polygon

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 <p class="paragraph">With most assets in the cryptocurrency sector starting to slow down their gains from previous weeks, Polygon (MATIC) is still going strong, having broken the $1 threshold, recording significant increases on all of its charts, and showing signs of further bullish continuation above $1.70.</p>
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 <p class="paragraph">As it happens, Polygon’s cryptocurrency seems to be on the brink of breaking out from a symmetrical triangle, according to the chart pattern observations shared by the renowned crypto market analyst Ali Martinez in an X post he published on December 26.</p>
 <p class="paragraph">Furthermore, the crypto trading expert pointed out that “a sustained weekly candlestick close above $0.96 could propel MATIC towards $1.73,” as demonstrated in his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of the Polygon’s price movement chart zoomed out to account for the action since 2021.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/_pJQihQ4jtwLpAeILdf-keP4RwVYKvVFA068XbxYxXmTVSgg61cHByruKzDMMWaO12y7eyrabrqd91AYnPKCoIRh-2163MswmK1OBkcv_29BXslqPxuij_OxCSIcgPcsCs8aJyVTnLpTuYvnlQsMWeA" alt>
  <figcaption class="wp-element-caption"><em>Polygon price action analysis and prediction. Source: </em><em>Ali Martinez</em>
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 <p class="paragraph">It is also worth noting that Martinez earlier noticed a substantial increase in whale activity on the MATIC network that often <a rel="noopener noreferrer nofollow" title="signals" href="https://thebittimes.com/tag/signals.html">signals</a> positive price change, adding that “we could be on the brink of a major MATIC price move,” as he explained on December 21, when Polygon was still trading below the $1 level.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/MgCDiVa5AKxpVJSMGwMEnUhLkdoXIykb27vmwdagBYVeypm9jOs9dyQ25nE0xIXLRvL_tAMhHVNBe5S6WmkV2he7a6yrm3NToyUAcjiW5p8jreD59DfHw51WkaDP_1ldv0OVMCLa9Y_nn0pvcg2UF00" alt>
  <figcaption class="wp-element-caption"><em>MATIC network whale activity. Source: </em><em>Ali Martinez</em>
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 <h2 class="wp-block-heading" id="h-polygon-price-analysis">Polygon price analysis</h2>
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 <p class="paragraph">Meanwhile, MATIC was at press time changing hands at the price of $1.045, which indicates an increase of 17.97% in the last 24 hours, in addition to a 34.37% gain across the previous seven days and a 40.57% advance on its monthly chart, as per the data retrieved by Finbold on December 27.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/cVnNTLBa9bMpTbN42CaoIzqCmJMNZStH3Fm-GJK-2RnCGO0KJDFURG0nXTDmZrqVZUHqjOefpPHJesXWYkBjx75NwYY9TfXZM5Ynq5gpnWnxgivxxlYck8y29CXEB4ct9Y80xTsa7ddIIOWjgDrdpiM" alt>
  <figcaption class="wp-element-caption"><em>MATIC 7-day price chart. Source: </em><em>Finbold</em>
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 </figure>
 <p class="paragraph">Overall, the price of Polygon’s crypto asset does, indeed, seem to be getting ready for a rally to $1.70 and beyond as it demonstrates resilience amid challenges and emerges from a position of ‘yearly loss’ in its price. However, the final confirmation of Martinez’s predictions will happen by the end of this week.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/expert-signals-polygon-might-surge-above-1-70-tbt74886.html">https://thebittimes.com/expert-signals-polygon-might-surge-above-1-70-tbt74886.html</a></p>

Expert signals Polygon might surge above $1.70

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