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<p>The post <a href="https://coinpedia.org/price-analysis/polygon-matic-price-all-set-for-30-40-rally/" rel="noopener noreferrer nofollow">Polygon (MATIC) Price All Set For 30-40% Rally</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p><p>The cryptocurrency industry is gradually rebounding from the recent correction, led by Bitcoin (BTC) price that pumped above $66,000 in the last 24 hours. The total crypto market cap rallied around 6 percent to about $2.51 trillion on Thursday, thus resulting in more than $113 million of short liquidations.&nbsp;</p><p>The recent spike in meme stocks led by GameStop (GME) has triggered a fresh round of bullish sentiments. Furthermore, the 2021 altcoin pump was triggered by a similar event, which saw meme stocks rally nearly 100x.</p><h2 class="wp-block-heading" id="h-altseason-on-the-horizon">Altseason On the Horizon</h2><p>Bitcoin price has heavily dominated the cryptocurrency pump in the past year, with a few select altcoins outshining the rest. The Bitcoin dominance has been grinding higher in the recent past, thus further eating into the altcoin market. Interestingly, the ETH/BTC pair has continued to slip lower on the higher time frames, despite heightened calls for market reversal.</p><p>Ultimately, Bitcoin traders will diversify their profits into the altcoin industry, thus triggering the anticipated altseason.</p><h2 class="wp-block-heading" id="h-polygon-matic-price-ready-to-pump">Polygon (MATIC) Price Ready to Pump</h2><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p><a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MATIC</a><a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Polygon</a> looks Ready for 30-40% Recovery Rally..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley"><a href="https://t.co/hI3Yi1nogJ" rel="noopener noreferrer nofollow">pic.twitter.com/hI3Yi1nogJ</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1791005878922965043?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 16, 2024</a></blockquote></div></figure><p>After being trapped in a correction mode for the past few months, Polygon (MATIC), a top-tier Ethereum (ETH)-based scaling solution with nearly $1 billion in total value locked (TVL), has shown early signs of bullish uproar.&nbsp;</p><p>According to a popular crypto analyst alias Captain Faibik, MATIC’s price is on the cusp of at least a 40 percent spike toward 95 cents in the coming weeks.&nbsp;</p><p>Moreover, MATIC price against the US dollar has established a solid support level of around 64 cents, coupled with a rising divergence on the daily Relative Strength Index (RSI).</p>

Polygon (MATIC) Price All Set For 30-40% Rally

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