Cryptocurrency

Polygon

<ul>
 <li>After consolidating above the $0.80 level, #<a href="https://www.coingabbar.com/en/crypto-currency/matic-network-matic-prices-usd" title="Polygon's price" class="f-link" rel="noopener noreferrer nofollow">Polygon's price </a>initiated a fresh upward movement.</li>
 <li>$MATIC successfully surpassed key resistance levels around $0.880 and $0.900, entering a positive zone akin to #Bitcoin and #Ethereum.</li>
 <li>Analysis of the 4-hour chart indicates an uptrend, with #Polygon forming higher highs and higher lows.</li>
 <li>Recent bullish momentum, particularly noted in the last week, propelled a breakout from the triangle pattern on the weekly chart.</li>
 <li>The V-shaped recovery observed signals aggressive buying activity.</li>
 <li>Bulls are currently dominating Polygon's price action, potentially targeting further gains above $1.10.</li>
 <li>Similar consolidation in a triangle pattern preceded the 2021 bull run, hinting at a potential recurrence.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar Price Analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Price Analysis</a>, The Polygon price is anticipated to maintain above $0.95 until the day concludes, with a projected minimum level of $1.5 to $1.7 by week's end.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $1.0500-$1.1500
SUPPORT LEVEL : $0.9500-$0.8500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Polygon Price Prediction: $3 Target Imminent After Breakout

Coingabbar

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