Recently, the cryptocurrency market experienced a significant downturn, which subsequently led to a phase of price stabilization. Amid this chaos, prices held steady in anticipation of a stimulating factor, which materialized as an influx of substantial buying interest in the market. Polygon MATIC was among those cryptos that shot as high as 9% in the past 24 hours. Will MATIC price continue to go up? Let’s assess in this MATIC price prediction article.
Why is MATIC price up Today?
MATIC is witnessing a significant price surge as a result of a growing accumulation of buying power during the market consolidation period. Investors appear to be optimistic about MATIC’s potential, driving the price up.
MATIC Price Analysis: What happened?
MATIC saw an impressive rise of 9.7% in the past 24 hours, which brought its price to around $0.65. This substantial increase reflects the robust buying momentum that the coin has attracted.
MATIC Price Prediction: Where will MATIC price reach next?
Given MATIC’s bullish momentum, it’s plausible to predict a price target of $0.84, which would test the coin’s resistance level. However, this prediction largely depends on Bitcoin continuing its upward movement towards the $35,000 range.
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Source: https://cryptoticker.io/en/matic-price-is-finally-up-will-polygon-matic-continue-higher/