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<p>According to <a href="https://twitter.com/rovercrc/status/1751307834808307994?t=Mk7vnrBNX9_P5tgo5ZEUJg&amp;s=19" target="_blank" rel="nofollow">crypto analyst Crypto Rover (@rovercrc)</a>, Polygon’s native token MATIC looks poised for a major breakout. Crypto Rover has 4% of his portfolio allocated to MATIC, believing it is a solid long-term hold.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="557" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-1024x557.png" alt="" class="wp-image-429016" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-1024x557.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-300x163.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-767x417.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-1536x835.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-2048x1113.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-276x150.png 276w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-644x350.png 644w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-806-788x428.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><strong>MATIC Trapped in Descending Triangle </strong><br>Looking at the chart, MATIC’s price is currently trapped within a descending triangle pattern. If it can break out to the upside, Crypto Rover sees potential for MATIC to spike as high as $2.8 from its current price around $0.8.</p> 
<p><strong>M Cooper: zkEVM Upgrade Could Spike MATIC to $1 </strong><br>Additionally,<a href="https://twitter.com/theclouedyboi_/status/1751519282872103021?t=xX2yRMotOnMTOq7jbwz5Pw&amp;s=19" target="_blank" rel="nofollow"> trader M Cooper (@theclouedyboi_) </a>sees bullish potential stemming from an upcoming upgrade to Polygon’s zero-knowledge rollup dubbed zkEVM. This Etrog upgrade could spur a surge to $1 according to Cooper.</p> 
<p>With positive technical setups and fundamentals aligning, analysts seem hopeful for MATIC to continue its uptrend. Key levels to watch include the descending triangle resistance around $0.8 and the recent swing high around $2.8.</p> 
<p>Let me know if you need any changes to this drafted story! I aimed to structure the information you provided into a coherent article format.</p> 
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<p>The post <a href="https://captainaltcoin.com/why-is-polygon-matic-price-up/">Why Is Polygon (MATIC) Price Up?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Is Polygon (MATIC) Price Up?

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