Bitcoin

When the price of Polygon (MATIC) stays above $0.945, it gives buyers a good opportunity to push it even higher. It’s like a strong platform they can use to launch a bigger rally.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />Despite the uncertain market conditions, Polygon coin has been holding steady above the $0.945 mark. Right now, it’s trading at $0.992, and there’s less resistance at this level, indicating that buyers are gathering more of the coin. Since the price has risen by more than 50% from its recent low, it suggests that buyers are in control, making it more likely for the coin to continue its upward trend.<h3 id="analyzing-polygon-coin-s-recent-growth-and-future-outlook">Analyzing Polygon Coin’s Recent Growth and Future Outlook</h3>For the past month, Polygon coin has been on a steady upward trajectory, bouncing back from $0.718 to $0.9995, marking a significant 40% increase. This swift rise, characterized by increased trading volume, signals an aggressive rally with buyers taking control.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-29.png?resize&#61;640%2C307&amp;ssl&#61;1" />Polygon Coin Price – Source: TradingViewOn February 18th, the coin surpassed a crucial resistance level of $0.948, paving the way for further upward movement. However, the sideways movement of Bitcoin, the leading cryptocurrency, has led to a decrease in bullish momentum across the altcoin market, including Polygon.Despite this, a recent daily candle with a long rejection at the support level suggests renewed buying interest among investors. A potential surge from this point could propel the MATIC price by 10%, aiming to challenge the previous swing resistance at $1.1.<h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />A closer look at the daily chart reveals that the current uptrend is part of a long-standing chart pattern known as a symmetrical triangle, which has persisted for the past two years. This pattern is expected to have a significant impact on Polygon’s near-term future.<a href="https://cryptosheadlines.com/shiba-inu-and-dogecoin-values-stall-as-bitcoin-price-revisits-50k-threshold/" rel="noopener noreferrer nofollow">Also Read: Shiba Inu and Dogecoin Values Stall as Bitcoin Price Revisits $50K Threshold</a>Should the price break above $1.1, it could trigger another 20% surge towards the downward sloping resistance trendline. However, historical data suggests that intense selling pressure may emerge at this barrier, potentially leading to a continuation of the sideways trend.<h3 id="strong-analyzing-technical-indicators-for-polygon-coin-strong">Analyzing Technical Indicators for Polygon Coin</h3>Exponential Moving Average (EMA): The slow-moving 200-day EMA indicates that the broader trend for Polygon coin is sideways. This means that over the long term, there hasn’t been a significant directional bias in price movement.Moving Average Convergence Divergence (MACD): A recent bullish crossover between the MACD and the signal line suggests a short-term bullish trend for Polygon coin. This indicates that in the near future, there is a positive momentum building, potentially leading to upward price movement.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Insights: Anticipating a 35% Surge in Polygon Coin Price

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