{"id":568446,"date":"2024-01-07T15:00:43","date_gmt":"2024-01-07T15:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=568446"},"modified":"2024-01-07T12:01:16","modified_gmt":"2024-01-07T12:01:16","slug":"crypto-analyst-forecasts-matic-price-recovery-with-this-16-swing","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic\/crypto-analyst-forecasts-matic-price-recovery-with-this-16-swing\/","title":{"rendered":"Crypto Analyst Forecasts MATIC Price Recovery With This 16% Swing"},"content":{"rendered":"

MATIC was one of the altcoins affected by the recent market downturn triggered by the controversial Matrixport report<\/a> on the Bitcoin spot ETF this week. This negative sentiment pushed the cryptocurrency\u2019s price from trading at nearly $1 to below $0.85 in a single move.<\/span><\/p>\n

However, the tide seems to be turning in favor of the bulls, as the MATIC coin has jumped more than 1.2% in the past day. In fact, a popular crypto analyst on the X (formerly Twitter) platform has sounded a buy alarm for Polygon\u2019s native token.<\/span><\/p>\n

Can MATIC\u2019s Price Return To $0.96?<\/strong><\/h2>\n

In a recent post on X, crypto analyst Ali Martinez<\/a> has put forward a bullish projection for the price of MATIC over the coming days. According to the crypto pundit, the cryptocurrency looks set to recover all its lost gains in a potential upward price movement.<\/span><\/p>\n

Related Reading: Revised Forecast: Bloomberg Analyst Cuts Probability Of Bitcoin Spot ETF Rejection To 5%<\/a><\/div>\n

The reasoning behind this bullish prediction for the Polygon token<\/a> revolves around the TD (Tom DeMark) Sequential indicator. For context, the Tom DeMark Sequential indicator is used to identify the exact time of trend exhaustion and price reversal.<\/span><\/p>\n

\n

#Polygon<\/a> | The TD Sequential presents a buy signal on $MATIC<\/a> 4-hour chart.<\/p>\n

A spike in buying pressure around the current levels could see #MATIC<\/a> rebound, potentially toward $0.88, and even as high as $0.96. pic.twitter.com\/lj96zgPh7k<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 6, 2024<\/a><\/p><\/blockquote>\n

Martinez noted in his analysis that the TD indicator is currently flashing a buy sign on MATIC\u2019s 4-hour price chart. However, the crypto analyst highlighted that a bullish future for MATIC hinges on a spike in buying pressure around the current price levels. <\/span><\/p>\n

This could potentially see the Polygon token climb toward $0.88 and as high as $0.96, Martinez said. Ultimately, this bullish prediction depicts an almost 16% surge from the current price point.\u00a0<\/span><\/p>\n

It is worth noting that the Relative Strength Index (RSI) on the 4-hour timeframe, which tracks the bullish and bearish momentum of a token, is currently at 38.2. When the RSI is below 50, it may suggest that the token is witnessing some bearish momentum.<\/span><\/p>\n

MATIC Price Overview<\/strong><\/h2>\n

As of this writing, the price of MATIC stands at $0.828969, reflecting a mere 1.2% increase in <\/span>the past 24 hours. Polygon\u2019s sluggish performance in the past day emphasizes the altcoin\u2019s struggles over the last seven days.<\/span><\/p>\n

Related Reading: Bitcoin Spot ETF: VanEck\u2019s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up<\/a><\/div>\n

According to data from CoinGecko, the MATIC price<\/a> has declined by more than 14% in the past week. And this recent market downturn saw the cryptocurrency lose virtually all of the profits it accrued in December.<\/span><\/p>\n

Nevertheless, MATIC ranks as the 14th-largest cryptocurrency in the sector, with a market capitalization of about $7.8 billion.<\/span><\/p>\n

\"MATIC\"<\/p>\n

MATIC price succumbs to bearish pressure on the daily timeframe | Source: MATICUSDT chart on TradingView<\/a><\/pre>\n
Featured image from iStock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"
MATIC was one of the altcoins affected by the recent market downturn triggered by the controversial Matrixport report on the Bitcoin spot ETF this week. This negative sentiment pushed the cryptocurrency\u2019s price from trading at nearly $1 to below $0.85 in a single move. However, the tide seems to be turning in favor of the bulls, as the MATIC coin has jumped more than 1.2% in the past day. In fact, a popular crypto analyst on the X (formerly Twitter) platform has sounded a buy alarm for Polygon\u2019s native token. Can MATIC\u2019s Price Return To $0.96? In a recent post on X, crypto analyst Ali Martinez has put forward a bullish projection for the price of MATIC over the coming days. According to the crypto pundit, the cryptocurrency looks set to recover all its lost gains in a potential upward price movement. Related Reading: Revised Forecast: Bloomberg Analyst Cuts Probability Of Bitcoin Spot ETF Rejection To 5% The reasoning behind this bullish prediction for the Polygon token revolves around the TD (Tom DeMark) Sequential indicator. For context, the Tom DeMark Sequential indicator is used to identify the exact time of trend exhaustion and price reversal. #Polygon | The TD Sequential presents a buy signal on $MATIC 4-hour chart. A spike in buying pressure around the current levels could see #MATIC rebound, potentially toward $0.88, and even as high as $0.96. pic.twitter.com\/lj96zgPh7k \u2014 Ali (@ali_charts) January 6, 2024 Martinez noted in his analysis that the TD indicator is currently flashing a buy sign on MATIC\u2019s 4-hour price chart. However, the crypto analyst highlighted that a bullish future for MATIC hinges on a spike in buying pressure around the current price levels. This could potentially see the Polygon token climb toward $0.88 and as high as $0.96, Martinez said. Ultimately, this bullish prediction depicts an almost 16% surge from the current price point.\u00a0 It is worth noting that the Relative Strength Index (RSI) on the 4-hour timeframe, which tracks the bullish and bearish momentum of a token, is currently at 38.2. When the RSI is below 50, it may suggest that the token is witnessing some bearish momentum. MATIC Price Overview As of this writing, the price of MATIC stands at $0.828969, reflecting a mere 1.2% increase in the past 24 hours. Polygon\u2019s sluggish performance in the past day emphasizes the altcoin\u2019s struggles over the last seven days. Related Reading: Bitcoin Spot ETF: VanEck\u2019s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up According to data from CoinGecko, the MATIC price has declined by more than 14% in the past week. And this recent market downturn saw the cryptocurrency lose virtually all of the profits it accrued in December. Nevertheless, MATIC ranks as the 14th-largest cryptocurrency in the sector, with a market capitalization of about $7.8 billion. MATIC price succumbs to bearish pressure on the daily timeframe | Source: MATICUSDT chart on TradingView Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":560232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86487],"tags":[87818,40670,86442,79614,83584,86440],"class_list":["post-568446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matic","tag-ali-martinez","tag-matic","tag-matic-price","tag-maticusdt","tag-polygon","tag-polygon-price"],"acf":[],"yoast_head":"\nCrypto Analyst Forecasts MATIC Price Recovery With This 16% Swing<\/title>\n<meta name=\"description\" content=\"MATIC was one of the altcoins affected by the recent market downturn triggered by the controversial Matrixport report on the Bitcoin spot ETF.\" 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While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.","sameAs":["https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227","https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi"],"url":"https:\/\/wncen.com\/author\/oluwatosino\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Forecasts MATIC Price Recovery With This 16% Swing","url":"http:\/\/wncen.com\/news\/matic\/crypto-analyst-forecasts-matic-price-recovery-with-this-16-swing\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/matic\/crypto-analyst-forecasts-matic-price-recovery-with-this-16-swing\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/iStock-1207136850.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/iStock-1207136850.jpeg?fit=1253%2C836"},"articleSection":"MATIC","author":[{"@type":"Person","name":"Opeyemi Sule"}],"creator":["Opeyemi Sule"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ali martinez","matic","matic price","maticusdt","polygon","polygon price"],"dateCreated":"2024-01-07T15:00:43Z","datePublished":"2024-01-07T15:00:43Z","dateModified":"2024-01-07T15:00:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Forecasts MATIC Price Recovery With This 16% Swing\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic\\\/crypto-analyst-forecasts-matic-price-recovery-with-this-16-swing\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic\\\/crypto-analyst-forecasts-matic-price-recovery-with-this-16-swing\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-1207136850.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-1207136850.jpeg?fit=1253%2C836\"},\"articleSection\":\"MATIC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Opeyemi Sule\"}],\"creator\":[\"Opeyemi Sule\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ali martinez\",\"matic\",\"matic price\",\"maticusdt\",\"polygon\",\"polygon price\"],\"dateCreated\":\"2024-01-07T15:00:43Z\",\"datePublished\":\"2024-01-07T15:00:43Z\",\"dateModified\":\"2024-01-07T15:00:43Z\"}<\/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\/11\/iStock-1207136850.jpeg?fit=1253%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568446"}],"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\/590"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=568446"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/560232"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=568446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=568446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=568446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}