Polygon

<ul><li>Price analysis shows that MATIC failed to break out above $1.00.</li><li>MATIC’s price is consolidating following a sharp sell-off from an intra-day high of $1.09.</li><li>The launch of Polygon zkEVM main net was expected to provide a boost, but this hasn’t been the case as yet.</li></ul>The MATIC/USD pair traded within a narrow range between $1.03 and $1.09, with bulls unable to break the key resistance of $1.2.The lack of any major upside momentum could be attributed to a lack of investor interest in the altcoin markets, with Bitcoin dominating the <a href="https://coinedition.com/market/" rel="noopener noreferrer nofollow">cryptocurrency market</a> in recent days.<a href="https://coinedition.com/matic-price-predictions-vary-leading-up-to-polygon-zkevm-launch/" rel="noopener noreferrer nofollow">The launch of the Polygon zkEVM mainnet</a> promises to bring scalability and privacy to Ethereum, which should help <a href="https://coinedition.com/polygon-matic-price-prediction/" rel="noopener noreferrer nofollow">boost MATIC prices</a> over time. However, for now, the MATIC/USD pair remains vulnerable to further downside pressure in the near term.The next key support level is seen at $0.8, while a break above $1.2 could potentially invalidate the bearish outlook and push prices higher toward the next resistance level of $1.5.<a href="https://coinedition.com/matic-fails-to-break-higher-despite-launch-of-polygon-zkevm-mainnet/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

MATIC Fails to Break Higher Despite Launch of Polygon zkEVM Mainnet

Coin Edition

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