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<p><a href="https://twitter.com/rovercrc/status/1752746816741736562?t=av1MmT0PdW0EAZHRSTY1vg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Crypto analyst Crypto Rover</a> recently tweeted that he believes a major breakout is coming soon for Polygon’s MATIC token. Crypto Rover noted that MATIC is currently his 4th largest portfolio holding and stated “Send it!” regarding the token’s potential.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="557" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-1024x557.png" alt="" class="wp-image-430770" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-1024x557.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-300x163.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-767x417.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-1536x835.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-2048x1113.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-276x150.png 276w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-644x350.png 644w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-20-788x428.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Crypto Rover’s accompanying chart analysis shows MATIC trading within a symmetrical triangle pattern, which is descending from the top and ascending from the bottom. As this pattern grows tighter, Crypto Rover expects a significant breakout is close, with the key resistance level around $0.9 on the weekly timeframe.</p>
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<p><strong>270% Price Spike Possible With Breakout</strong></p>
<p>If MATIC can break through the descending channel resistance around $0.9, Crypto Rover sees a spike to the top of the channel near $2.9 as possible. With MATIC currently trading around $0.78, this would represent an increase of over 270%.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-1024x480.png" alt="" class="wp-image-430778" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-21-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-21.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>This bullish outlook is supported by <a href="https://twitter.com/CryptoMichNL/status/1752719637803126889?t=LbmroOKV4GkJ_EDXyLCVbQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">analyst Michaël van de Poppe,</a> who tweeted that the total altcoin market capitalization could climb 50-80% in the next few months. As money continues flowing into the altcoin market, MATIC could benefit significantly if it breaks key overhead resistance levels</p>
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<p>The post <a href="https://captainaltcoin.com/polygons-matic-could-spike-over-200-if-this-key-resistance-breaks/" rel="noopener noreferrer nofollow">Polygon’s MATIC Could Spike Over 200% If This Key Resistance Breaks</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polygon’s MATIC Could Spike Over 200% If This Key Resistance Breaks

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