In the price analysis, Bastian (Bitbull) takes a look at Polygon (MATIC) and explains which price levels are important now.
MATIC is trading at $0.53 and remains in a downtrend on the daily chart. Other altcoins have already managed to break free from this trend, but MATIC seems unfazed at the moment.
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After a prolonged consolidation and sell-off below $0.6, MATIC has continued to lose ground, with the current low at $0.43, the lowest point since June 2022. It is certainly advisable to wait for a bullish reversal on the daily chart to find a new entry for repurchasing or for a longer swing position. MATIC should fall again into the $0.50-$0.47 zone (arrow mark on the chart). There is still considerable resistance above this area, and the bulls are currently showing little interest in making larger investments.
Hardly any movement and volume in the indicators
Trading volume remains low. The greatest buying interest was seen in March, since then there has been little movement and volume in the market, except on isolated days. The MACD (Moving Average Convergence/Divergence) looks stable under the circumstances and has been in a positive cross for several days, but is still in negative territory. The momentum is already decreasing again, so a bearish cross of the signal line to the average line can be expected. The RSI (Relative Strength Index) is neutral at 50 points, which also indicates that there is little interest in buying or selling Matic.
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Polygon price prediction 2025
The Polygon price prediction for 2025 is currently between $ 0.519347 on the lower end and $ 3.96 on the high end. Compared to today’s price, Polygon could gain 659.87% by 2025 if MATIC reaches the upper price target.
Polygon price prediction 2030
The Polygon price prediction for 2030 is currently between $ 0.949818 on the lower end and $ 6.22 on the high end. Compared to today’s price, Polygon could gain 1,092.91% by 2030 if it reaches the upper price target.
Polygon Price Prediction FAQ
What is Polygon’s price prediction today?
Based on our Polygon prediction chart, the price of Polygon will increase by 0.00% and reach $ 0.519347 by Jul 20, 2024
What is Polygon price prediction for tomorrow?
Polygon is predicted to gain 0.00% and reach a price of $ 0.519347 tomorrow.
What is the Polygon price prediction for this week?
According to our Polygon price prediction, MATIC is forecasted to trade within a price range of $ 0.519347 and $ 0.650317 this week. Polygon will increase by 25.22% and reach $ 0.650317 by Jul 22, 2024 if it reaches the higher value target.
What is the Polygon price prediction for next week?
The Polygon price prediction for next week is between $ 0.650317 on the lower end and $ 0.648796 on the high end. Based on our MATIC price prediction chart, the price of Polygon will decrease by -0.23% and reach $ 0.648796 by Jul 29, 2024 if it reaches the upper price target.
What is the Polygon price prediction for 2024?
Polygon is forecasted to trade within a range of $ 0.519347 and $ 3.10. If it reaches the upper price target, MATIC could increase by 495.14% and reach $ 3.10.
What is the Polygon price prediction for 2025?
According to our Polygon price prediction, MATIC is forecasted to trade within a price range of $ 0.519347 and $ 3.96 next year. Polygon will increase by 659.84% and reach $ 3.96 if it reaches the higher value target for 2025.
What is the Polygon price prediction for 2030?
The Polygon price prediction for 2030 is between $ 0.949818 on the lower end and $ 6.22 on the high end. Based on our MATIC price prediction chart, the price of Polygon could gain 1,092.87% and reach $ 6.22 if it reaches the upper price target.
Will Polygon reach $10?
Polygon would need to gain 1,818.14% to reach $10. According to our Polygon prediction algorithm, Polygon will hit $10 in May 2033.
Will Polygon reach $100?
Polygon would need to gain 19,081.43% to reach $100. According to our Polygon prediction algorithm, Polygon will hit $100 in June 2049.
Will Polygon reach $1,000?
Polygon would need to gain 191,714.28% to reach $1,000. According to our Polygon prediction algorithm, the price of Polygon will not reach $1,000. The highest expected price our algorithm estimates is $ 107.96 by Jan 1, 2049.
What is the current Polygon sentiment?
The current Polygon sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell.
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