Polygon

Meta

The post <a href="https://coinpedia.org/price-analysis/matic-price-crosses-1-bulls-ready-for-a-new-run/">MATIC Price Crosses $1; Bulls Ready For A New Run</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As the bullish market continues to gain momentum, the altcoins are picking up pace, giving a breakout of lost levels. Amidst the recent top performers, the MATIC price reclaims the $1 mark, projecting a new breakout run. 
With a new 52-week high on the charts, Polygon is offering a trend reversal pivotal point. Bolstering the uptrend in the coming weeks, our <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/">MATIC price prediction</a> projects an extremely bullish 2024. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/21120020/image-148-1024x464.png" alt="" class="wp-image-271642" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/21120020/image-148-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120020/image-148-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120020/image-148-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120020/image-148-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120020/image-148-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120020/image-148.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<a href="https://www.tradingview.com/x/TGtIAbmK/">TradingView</a> 
With a bullish turnaround the in the weekly chart gaining momentum, the MATIC price crosses the $1 mark and the 23.60% Fib level. Marking a bullish breakout of a double bottom, the altcoin is heading to challenge the overhead resistance trendline. 
With the double bottom breakout, the chances of a prolonged bull run in Polygon price have increased significantly. Moreover, the Fibonacci levels present a potential uptrend possibility of reaching the $2 mark, slightly above the 61.80% Fib level.&nbsp; 
On the tech side, the big giants are supporting and holding MATIC. For example, Meta has chosen MATIC for Instagram’s digital collectables, and even Google Cloud owns MATIC.&nbsp; 
<h2 class="wp-block-heading" id="h-is-matic-price-heading-towards-2">Is MATIC Price Heading Towards $2?</h2> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/21120011/image-147-1024x464.png" alt="" class="wp-image-271641" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/21120011/image-147-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120011/image-147-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120011/image-147-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120011/image-147-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120011/image-147-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/21120011/image-147.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source – <a href="https://www.tradingview.com/x/gDsnuO8x/">Tradingview</a> 
In the ongoing bull run, the rise in trading volume supports the uptrend and projects a likely continuation. In the daily chart, the MATIC price is ready to challenge the 78.60% Fib level to break past the $1.143 mark.&nbsp; 
Further, the rising daily RSI line teasing a cross above the 70% barrier to enter the overbought zone signals a boost in buying pressure.&nbsp; 
Considering the uptrend continues, the MATIC price can reach the $1.5 mark with the trendline breakout before taking on the $2 barrier.&nbsp;

MATIC Price Crosses $1; Bulls Ready For A New Run

Table of Contents

CoinPedia News

Other articles published on Feb 21, 2024

Solana and Chainlink bulls target new highs; NuggetRush attracts investors ahead of listing

GameFi Ecosystem Pumps as $APE, $RON, $MAVIA and $GFOX Prices Soar

Crypto custody rules tighten in Hong Kong, Investors to be affected?

Experts Predict 1200% Surge by Q2 2024 as Whales Show Keen Interest in this Coin

Japanese Blockchain Community Seeks Regulatory Improvements

Why Ethereum’s rise to $3K was short-lived

Join our free newsletter for daily crypto updates!