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The post <a href="https://coinpedia.org/price-analysis/matic-price-breaks-the-1-barrier-polygon-to-test-1-15-this-week/" rel="noopener noreferrer nofollow">MATIC Price Breaks The $1 Barrier! Polygon To Test $1.15 This Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the market leader, Bitcoin, achieving its major milestone of $56,000, top altcoins have displayed a significant uptrend in their respective portfolios with Ethereum price achieving the $3,200 mark.
On the other hand, the <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" rel="noopener noreferrer nofollow">MATIC price</a> has added approximately 10% within the past day and has cumulatively added over 40% over the past 30 days, indicating a strong bullish influence in the crypto industry.
<h2 class="wp-block-heading" id="h-polygon-token-reclaims-1-mark">Polygon Token Reclaims $1 Mark!</h2>
The Polygon (MATIC) price displayed a neutral trend by trending in a closed range between $0.7633 and $0.8206 for over a week. As the market volatility grew, the bulls successfully broke out of the resistance level.
However, it failed to break out of its resistance level at $0.9002, resulting in it trading within the range for the next nine days.
Following this, the bulls regained momentum and recorded a jump of 13.7% over the next three days, after which the price traded in a consolidated range between $0.9002 and $1.0234 for a brief period.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/q_LaoDEHRYCcMduYTu0TYlCqW0ShYuKlJ1MUqg1Y-EIn5mL2anuuJJvnE9kdFtdJU-cYKluD2yMmrQxSCVnXUfkrmFeqU2yHjWCwZC7MnExDEsnlFFnz_JmLR9C6SRyXsSFYYzjKCgpUhJfR8aYOPww" alt="MATIC Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: MATIC/USDT
 </figcaption>
</figure>
Recently, the bulls recorded a jump of 9% within the past few hours, resulting in it achieving its $1 mark. Since then, the price has been displaying a neutral trend.
The technical indicator, MACD, displays a constant green histogram, indicating a strong bullish influence in the crypto market. Further, the averages show a rising pattern, suggesting the price will continue gaining value in the coming time.
<h2 class="wp-block-heading" id="h-will-matic-price-increase">Will MATIC Price Increase?</h2>
If the bulls continue to gain power, the MATIC price will continue to gain momentum and test its resistance level of $1.079. Maintaining the price at that level will set the stage for Polygon to attempt to test its upper resistance level of $1.1502 in the coming time.
Conversely, if a trend reversal occurs, the bulls will lose momentum and fall to test its support level of $1.0234. Moreover, if the bears continue to hold power over the bulls, they will plunge and prepare to test their lower support level of $0.9586 in the upcoming weeks.

MATIC Price Breaks The $1 Barrier! Polygon To Test $1.15 This Week?

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