{"id":557527,"date":"2023-10-25T22:00:33","date_gmt":"2023-10-25T22:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=557527"},"modified":"2024-06-11T14:30:26","modified_gmt":"2024-06-11T14:30:26","slug":"analyst-matic-price-1-5","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/analyst-matic-price-1-5\/","title":{"rendered":"A Chance At Redemption: Analyst Puts MATIC Price At $1.5"},"content":{"rendered":"<p class=\"p2\">The <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-to-reach-170000-in-2025-mathematical-model-predicts\/\">MATIC<\/a> price has disappointed investors over the course of this year after falling from $1.5 to $0.5. This extended bear trend has significantly impacted investor morale but one analyst sees a redemption in the future of the altcoin, in the form of a 220% surge to $1.5.<\/p>\n<h2 class=\"p2\">MATIC Price To Make A 220% Break<\/h2>\n<p class=\"p2\">The analysis of the MATIC price came from crypto analyst FieryTrading. Taking to TradingView, the analyst paints a bullish future for MATIC which they <a href=\"https:\/\/www.tradingview.com\/chart\/MATICUSDT\/xXhYIC6o-MATIC-Break-Out-From-8-Month-Bear-Trend\/#chart-view-comment-form\" rel=\"nofollow\">believe<\/a> could rise as high as $1.5. From this current level, this would be a 220% rally and likely make MATIC a top gainer.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-35000-holder-profitability\/\">Bitcoin Bounce Above $35,000 Puts Holder Profitability At Yearly Highs<\/a><\/div>\n<p class=\"p2\">FieryTrading pointed to the fact that the altcoin has been caught in a sell-off trend throughout the year. However, this sustained selling has been broken through after <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-spot-etf-300-surge\/\">Bitcoin showed strength<\/a>, and altcoins like MATIC followed. To the point, FieryTrading believes that MATIC has finally broken out of the bearish resistance that has held back the token all year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/i\/xXhYIC6o\/\" alt=\"MATIC price chart from Tradingview.com\" width=\"1547\" height=\"926\"><\/p>\n<pre style=\"text-align: center\">Chart shows recovery to $1.5 | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/MATICUSDT\/xXhYIC6o-MATIC-Break-Out-From-8-Month-Bear-Trend\/\" rel=\"nofollow\">Tradingview.com<\/a><\/pre>\n<p class=\"p2\">However, not everyone agrees with the crypto analyst\u2019s prediction for the <a href=\"https:\/\/wncen.com\/xrp-news\/xrp-polygon-high-volumes-investors-fomo\/\">Polygon<\/a> native token. One user took to the comment section to share their own expectation, explaining that the MATIC price is going to fall further and $1 would not be reached.<\/p>\n<p class=\"p2\">When FieryTrading inquired why the user believed MATIC would fall, they explained that they had insider information from working on a major project in the last year. According to the user, it\u2019s not just MATIC but also Ethereum that could fall. \u201cYou are free to go long with polygon. Be careful,\u201d the user cautioned.<\/p>\n<h2 class=\"p2\">MATIC\u2019s Struggles Continue<\/h2>\n<p class=\"p2\">Although the MATIC price has been able to follow the recovery trajectory of Bitcoin as well, it has not held on as well as others. After touching $0.661 on Tuesday, MATIC went into a sustained downtrend, and at a time when large altcoins are still seeing gains, MATIC is nursing 2.88% losses in the last day.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/xrp-news\/pro-xrp-expert-sec-ripple\/\">Pro-XRP Legal Expert Shares Expectations If SEC Wins Appeal Against Ripple<\/a><\/div>\n<p class=\"p2\">Additionally, <a href=\"https:\/\/wncen.com\/news\/polygon-price-speculation-can-matic-defend-the-0-5-threshold\/\">the altcoin\u2019s<\/a> daily trading volume fell approximately 29% to $426 million on Thursday, which suggests traders and investors are going into a cooling-off period. So it is likely the MATIC price will continue to fall before it picks up steam again. However, if FieryTrading\u2019s analysis is correct, then this downtrend would not last long.<\/p>\n<p class=\"p2\">As for MATIC investors, the price <a href=\"https:\/\/wncen.com\/analysis\/matic-analysis\/matic-price-rally-whales\/\">recovery has done little to amend the low profitability<\/a>. As IntoTheBlock <a href=\"https:\/\/app.intotheblock.com\/coin\/MATIC\" rel=\"nofollow\">data<\/a> shows, only 11% of all MATIC holders are seeing profit. The vast majority of 87% are deep in losses, with only 2% holding bags at the same price at which they purchased them.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/8Aj8IleN\/\" alt=\"MATIC price chart from Tradingview.com (Crypto analyst)\" width=\"2650\" height=\"1758\"><\/p>\n<pre style=\"text-align: center\">MATIC trading tightly above $0.633 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">MATICUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Bytrade, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The MATIC price has disappointed investors over the course of this year after falling from $1.5 to $0.5. This extended bear trend has significantly impacted investor morale but one analyst sees a redemption in the future of the altcoin, in the form of a 220% surge to $1.5. MATIC Price To Make A 220% Break The analysis of the MATIC price came from crypto analyst FieryTrading. Taking to TradingView, the analyst paints a bullish future for MATIC which they believe could rise as high as $1.5. From this current level, this would be a 220% rally and likely make MATIC a top gainer. Related Reading: Bitcoin Bounce Above $35,000 Puts Holder Profitability At Yearly Highs FieryTrading pointed to the fact that the altcoin has been caught in a sell-off trend throughout the year. However, this sustained selling has been broken through after Bitcoin showed strength, and altcoins like MATIC followed. To the point, FieryTrading believes that MATIC has finally broken out of the bearish resistance that has held back the token all year. Chart shows recovery to $1.5 | Source: Tradingview.com However, not everyone agrees with the crypto analyst\u2019s prediction for the Polygon native token. One user took to the comment section to share their own expectation, explaining that the MATIC price is going to fall further and $1 would not be reached. When FieryTrading inquired why the user believed MATIC would fall, they explained that they had insider information from working on a major project in the last year. According to the user, it\u2019s not just MATIC but also Ethereum that could fall. \u201cYou are free to go long with polygon. Be careful,\u201d the user cautioned. MATIC\u2019s Struggles Continue Although the MATIC price has been able to follow the recovery trajectory of Bitcoin as well, it has not held on as well as others. After touching $0.661 on Tuesday, MATIC went into a sustained downtrend, and at a time when large altcoins are still seeing gains, MATIC is nursing 2.88% losses in the last day. Related Reading: Pro-XRP Legal Expert Shares Expectations If SEC Wins Appeal Against Ripple Additionally, the altcoin\u2019s daily trading volume fell approximately 29% to $426 million on Thursday, which suggests traders and investors are going into a cooling-off period. So it is likely the MATIC price will continue to fall before it picks up steam again. However, if FieryTrading\u2019s analysis is correct, then this downtrend would not last long. As for MATIC investors, the price recovery has done little to amend the low profitability. As IntoTheBlock data shows, only 11% of all MATIC holders are seeing profit. The vast majority of 87% are deep in losses, with only 2% holding bags at the same price at which they purchased them. MATIC trading tightly above $0.633 | Source: MATICUSD on Tradingview.com Featured image from Bytrade, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":557533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,26263,14690,40670,89524,86442,89718,89717,76656,79614,83584,89525],"class_list":["post-557527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-matic","tag-matic-news","tag-matic-price","tag-matic-price-performance","tag-matic-price-prediction","tag-maticusd","tag-maticusdt","tag-polygon","tag-polygon-news"],"acf":[],"yoast_head":"\n<title>A Chance At Redemption: Analyst Puts MATIC Price At $1.5<\/title>\n<meta name=\"description\" content=\"The MATIC price has 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"A Chance At Redemption: Analyst Puts MATIC Price At $1.5","url":"http:\/\/wncen.com\/news\/analyst-matic-price-1-5\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/analyst-matic-price-1-5\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/MATIC-price-polygon.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/MATIC-price-polygon.jpeg?fit=1365%2C800"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto analyst","crypto news","matic","matic news","matic price","matic price performance","matic price prediction","maticusd","maticusdt","polygon","polygon news"],"dateCreated":"2023-10-25T22:00:33Z","datePublished":"2023-10-25T22:00:33Z","dateModified":"2024-06-11T14:30:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"A Chance At Redemption: Analyst Puts MATIC Price At $1.5\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/analyst-matic-price-1-5\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/analyst-matic-price-1-5\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/MATIC-price-polygon.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/MATIC-price-polygon.jpeg?fit=1365%2C800\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto analyst\",\"crypto news\",\"matic\",\"matic news\",\"matic price\",\"matic price performance\",\"matic price prediction\",\"maticusd\",\"maticusdt\",\"polygon\",\"polygon news\"],\"dateCreated\":\"2023-10-25T22:00:33Z\",\"datePublished\":\"2023-10-25T22:00:33Z\",\"dateModified\":\"2024-06-11T14:30:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/MATIC-price-polygon.jpeg?fit=1365%2C800","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/557527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=557527"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/557527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/557533"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=557527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=557527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=557527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}