Ethereum

Shiba

VeChain

Captain

Polygon

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 <p>After months of range-bound trading, Polygon (MATIC) has staged a decisive breakout this week, surging over 30% in the last 7 days. The layer-2 scaling solution for Ethereum has seen building momentum, with analysts predicting MATIC could rally toward fresh all-time highs.</p>
 <p>Polygon was trading hands around $1.03 at press time, up from local lows below $0.80 last week. The altcoin has rallied after finally breaking out of a long-term triangle consolidation pattern it has been stuck in since September.</p>
 <p><strong>Also read: VeChain New Year Price Prediction: How High Can VET Go?</strong></p>
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 <p>Crypto analyst Captain Faibik noted MATIC is <strong>“finally breaking out of the triangle after long consolidation,” calling on “bulls” to “send it to $5.”</strong> Meanwhile, popular analyst Lambo Charts pointed to striking similarities with the coin’s previous massive rally in 2021, which saw gains of over 9,400% at its peak.</p>
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    <p lang="en" dir="ltr">$MATIC is finally Breaking out of Triangle after Long Consolidation.. 📈<br><br>C'mon bulls, Send it to 5$ 🎯#Crypto #MATIC #Polygon pic.twitter.com/bOEp8FvyDH</p>— Captain Faibik (@CryptoFaibik) December 27, 2023
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 <h2 class="wp-block-heading" id="h-will-matic-hit-5">Will MATIC hit $5?</h2>
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 <p>Analyst Lambo is targeting a 20x increase from current prices, noting upside potential towards $2, $5, $8, and $20 for Polygon MATIC. A rally to $20 would mark new record highs for MATIC, about 19 times above its current trading price.</p>
 <p>Polygon’s previous all-time high came in December 2021 at $2.92, right before broader crypto markets turned south.&nbsp;</p>
 <p><strong>Also read: Shiba Inu: Who Owns The Highest Number of SHIB Coins?</strong></p>
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 <p>According to predictions from the experts at Changelly, Polygon MATIC is unlikely to hit $5 until 2027. The details show that MATIC will touch $5 in December 2027. However, prices can shift unpredictably depending on market conditions.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/polygon-shows-signs-of-breakout-will-matic-hit-5-tbt75040.html">https://thebittimes.com/polygon-shows-signs-of-breakout-will-matic-hit-5-tbt75040.html</a></p>

Polygon Shows Signs of Breakout; Will MATIC Hit $5?

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