Bitcoin Cash

Millions

Momentum

Polygon

Shiba Inu

<p>Polygon (MATIC) has seen a remarkable resurgence over the past week, overcoming several technical barriers to break through the significant $1 resistance level. According to CoinMarketCap data, Polygon’s price currently is up <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="noopener noreferrer nofollow">6.44%</a> over the last 24 hours.</p>
<h2 class="wp-block-heading" id="strong-matic-surges-past-1-with-strong-momentum-strong"><strong>MATIC Surges Past $1 With Strong Momentum</strong></h2>
<p>TradingView <a href="https://www.tradingview.com/chart/MATICUSD/wtubgGKR-Will-MATIC-price-Reclaim-2/" target="_blank" rel="noopener noreferrer nofollow">chart analysis</a> by Coinpedia shows MATIC displaying resilience after a swift recovery, challenging the descending trendline over the past weeks. Significantly, Polygon jumped by nearly 20% last week, exhibiting strong bullish momentum. This revival indicates Polygon could be breaking out past the crucial $1 mark, continuing its uptrend.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="361" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-1024x361.png" alt="" class="wp-image-440431" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-1024x361.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-300x106.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-768x271.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-1536x542.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-2048x723.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-425x150.png 425w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-100x35.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-992x350.png 992w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-698-788x278.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-698.png 1210w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Additionally, this month, Polygon’s bullish turn demonstrates expanding momentum amidst the wider cryptocurrency market’s recovery. A rounding bottom formation points to a positive 2024 for MATIC, with the potential to surpass its 52-week high.</p>
<p>The weekly price chart validates this bullish outlook, displaying a rounding reversal pattern and testing the vital $1 psychological threshold. This coincides with a 34% upsurge in trading volumes, forming a prospective double-bottom pattern with a neckline at $1. Hence, Polygon seems poised for a trend reversal.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>If bulls maintain control, the anticipated breakout rally could drive MATIC beyond $1, with Fibonacci levels showing possible targets of $1.33 and $1.63. The bullish momentum may propel Polygon’s price toward $2.</p>
<h2 class="wp-block-heading" id="strong-oscillators-confirm-upward-trajectory-strong"><strong>Oscillators Confirm Upward Trajectory</strong></h2>
<p>Furthermore, as <a href="https://x.com/victordelpino_/status/1759532831678529773?s=20" target="_blank" rel="noopener noreferrer nofollow">noted</a> by market analyst Victor del Pino, oscillators like the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are presenting buy signals for MATIC. This confirms the positive price movement observed, as Polygon has shaken off a head and shoulders bottoming pattern to conquer resistance at $0.981.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="413" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-1024x413.png" alt="" class="wp-image-440439" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-1024x413.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-300x121.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-766x309.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-1536x619.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-2048x826.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-372x150.png 372w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-100x40.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-868x350.png 868w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-699-788x317.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-699.png 1587w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Should bullish momentum persist, Polygon could attempt to retest former highs around $1.08 and $1.12, according to del Pino’s analysis. This aligns with Coinpedia’s projection of Fibonacci targets at $1.33 and $1.63 if MATIC pushes past the $1 barrier. Polygon must preserve control above $1 over the coming days and weeks for the bull run to continue.&nbsp;</p>
<p>However, a steep drop below $0.96 could prompt escalated sell-offs, potentially sinking the price to $0.85. Therefore, Polygon must demonstrate sustained strength over $1 to realize further gains.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/top-analyst-says-bitcoin-btc-at-30k-is-now-less-likely-but-theres-a-catch/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Says Bitcoin (BTC) at $30k is Now ‘Less Likely’ – But There’s a Catch</a></li>
 <li><a href="https://captainaltcoin.com/can-surging-shibarium-activity-push-shiba-inu-shib-price-past-crucial-barrier/" target="_blank" rel="noopener noreferrer nofollow">Can Surging Shibarium Activity Push Shiba Inu ($SHIB) Price Past Crucial Barrier?</a></li>
 <li><a href="https://captainaltcoin.com/40x-seemingly-possible-as-under-valued-kelexo-klxo-lending-phenomenon-secures-more-solana-sol-bitcoin-cash-bch-investment/" target="_blank" rel="noopener noreferrer nofollow">40x Seemingly Possible as ‘Under-Valued’ Kelexo (KLXO) Lending Phenomenon Secures More Solana (SOL) &amp; Bitcoin Cash (BCH) Investment</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/polygons-price-breaks-crucial-resistance-matic-eyes-2-next-2/" rel="noopener noreferrer nofollow">Polygon’s Price Breaks Crucial Resistance: MATIC Eyes $2 Next</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polygon’s Price Breaks Crucial Resistance: MATIC Eyes $2 Next

Tabla de contenidos

CaptainAltcoin

Otros artículos publicados el 19 feb 2024

FTX, Alameda allegedly schemed to cash in on Tether: lawsuit

Crypto Market Trends: Assessing the Price Movements of Bitcoin, CEEK, LUNA, and LUNC

Major Whale Transfer Influences XRP Market Dynamics

Crypto Leader Unveils Ultimate 2024 Crypto Gaming Portfolio with Key Picks

Ethereum Price Momentum Reignites: RSI Signals Potential Surge To $3K

Ethereum tipped to become the next institutional darling

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!