Matic is one of the most promising cryptos in terms of project strength and future plans. The crypto is on an upturn and has recently seen a small correction which can be a buying opportunity.
In this article, we will look at Matic price prediction and weekly analysis.
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MATIC Price Analysis
As of today, MATIC is trading at $1.07, showcasing a stable market cap and a healthy 24-hour trading volume. The coin has seen a good bullish momentum and is poised to hit $2 level in the coming future.
Let’s have a look at the chart for short-term analysis:
It had been consolidating in an parallel channel, attempted multiple time times to break out but got rejected from resistances of parallel channel, currently it broken down support of parallel channel and is trading below it.
Weekly Price Analysis
The past week has been favorable for MATIC, with a price surge from $0.98 to its current value. This 9% increase is a testament to the positive sentiment and momentum building within the MATIC community.
The RSI has cooled down from the overbought level of 78 to 62 and this could mean that the coin could soon resume it’s upward rally.
Conclusion
MATIC’s current price analysis indicates a robust and growing ecosystem, backed by technological advancements and strategic partnerships.
With bullish predictions and a community eagerly awaiting the Polygon 2.0 upgrade, MATIC is a cryptocurrency to watch in the coming months.
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