Rally

Cryptocurrency

Polygon

<ul>
 <li>Impressive recovery shown by $<a href="https://www.coingabbar.com/en/crypto-currency/matic-network-matic-prices-usd" title="Matic" class="f-link">Matic</a> over the past month, with a significant bounce off the $0.69 level.</li>
 <li>Last week, $Matic price surged above $0.80, marking a 22% increase and reclaiming a key resistance level.</li>
 <li>The rally shows a V-shaped pattern with increased volume, signaling aggressive buying favoring the buyers.</li>
 <li>avoring the buyers.On the daily chart, #Polygon price&nbsp;formed a double-bottom pattern above the demand zone, indicating bullish momentum.</li>
 <li>The bullish closure of last week drove the price above a triangle formation on the chart.</li>
 <li>A triangle pattern resembling past consolidations before the 2021 bull run suggests a possible repetition of such an event.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar Price Analysis" class="f-link">Coingabbar Price Analysis</a>, Anticipated price action suggests #Polygon matic may stay above $1.1000 and potentially reach $1.5000 to $1.7000 in the near future.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $1.5000-$3.0000
SUPPORT LEVEL : $0.05000-$0.02500
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: Is Bulls Set for a Breakout Rally

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