Ethereum

Cryptocurrency

Bitcoin

Optimism

Polygon

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/polygon-matic-price-surge-brings-optimism-to-investors/" data-wpel-link="internal">Polygon (MATIC) Price Surge Brings Optimism to Investors</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/sicak-gelisme-yayimlanan-bu-rapor-tum-kripto-para-dunyasini-ve-gelecegini-degistirebilir" data-wpel-link="internal">Cryptocurrency</a></strong> market has recently seen a rising trend that has brought smiles to <a href="https://en.coin-turk.com/matic-coin-analysis-price-predictions-and-recent-developments/" data-wpel-link="internal">Polygon</a> (<a href="https://en.coin-turk.com/polygon-matic-gains-importance-amid-rising-layer-2-network-arbitrum-arb/" data-wpel-link="internal">MATIC</a>) investors. The price of MATIC has recorded an increase of over 5%, testing the $0.950 resistance and giving hope to its investors. In this uptrend, Polygon bulls are firmly in control of the market and have set their sights on a rise above the $1.00 level.</p> 
<h2 style="text-align: justify" id="polygon-matic-price-impresses-with-recent-increase">Polygon (MATIC) Price Impresses with Recent Increase</h2> 
<p style="text-align: justify">Looking at the current situation of the MATIC/USD pair, a new rise has begun above the $0.920 resistance against the US dollar. The price is now at the $0.925 level and is trading above the 100 simple moving average. A breakout above the significant downtrend line occurred with the surpassing of the $0.9150 resistance in Polygon (MATIC), indicating a strong uptrend for MATIC.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-338997 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/matic-usdt-coin-turk-com-.png" alt="" width="1857" height="819"></p> 
<p style="text-align: justify">Polygon’s price embarked on a new increase after forming a solid base above the $0.8620 level. Particularly with other major cryptocurrencies such as <a href="https://coin-turk.com/dijital-dolar-fikri-ciddi-ciddi-masada-btcye-etkisi-ne-olur" data-wpel-link="internal">Bitcoin</a> and <a href="https://coin-turk.com/ethereum-yorum-eth-2-000-dolari-ne-zaman-gorecek" data-wpel-link="internal">Ethereum</a> moving into positive territory, MATIC managed to overcome barriers around $0.880 and $0.8950.</p> 
<h2 style="text-align: justify" id="bulls-could-drive-matic-price-to-this-zone">Bulls Could Drive MATIC Price to This Zone</h2> 
<p style="text-align: justify">For the bulls, the main target is now levels above $1. The immediate resistance is near the $0.960 region, while the first major resistance level is identified at $0.9720. A strong breakout above this resistance level could lead to further price increases.</p> 
<p style="text-align: justify">However, the critical point is whether a clear move above the $1 level will occur. A move above $1 could lay the groundwork for a steady increase for Polygon. Therefore, investors should consider the possibility that the MATIC price could attempt a move towards $1.100 or $1.150 levels.</p> 
<h2 style="text-align: justify" id="if-matic-fails-to-break-resistance-watch-these-levels">If MATIC Fails to Break Resistance, Watch These Levels</h2> 
<p style="text-align: justify">In the event that the MATIC price fails to surpass the $0.9720 resistance level, the possibility of a downward correction should not be overlooked. In such a case, downward pressure could build in the market, and the immediate support level could be seen at $0.915. Moreover, this support level, which is also close to the same trend line, could limit the price decline.</p> 
<p style="text-align: justify">The main support level is around $0.880. If the price falls below this level, a downward movement towards $0.8620 could begin. At this point, the possibility of a pullback to the $0.8250 level should also be considered.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/polygon-matic-price-surge-brings-optimism-to-investors/" data-wpel-link="internal">Polygon (MATIC) Price Surge Brings Optimism to Investors</a></h5>

Polygon (MATIC) Price Surge Brings Optimism to Investors

Table of Contents

COINTURK NEWS

Другие статьи, опубликованные 9 апр. 2024 г.

Scourge of Scam Altcoins: A Growing Concern

Primex Finance & CoinList Launch Reward Program

Dogecoin Price Prediction: DOGE Plunges 5% As Traders Say This Dogecoin 2.0 ICO Might Be The Best...

MATIC Price Prediction: Can Polygon Rip Higher To $1.15

History of Crypto: DeFi revolution during a global crisis

Testimony Project - Stead DeFi

Join our free newsletter for daily crypto updates!