{"id":625936,"date":"2024-06-22T18:00:23","date_gmt":"2024-06-22T18:00:23","guid":{"rendered":"https:\/\/wncen.com\/?p=625936"},"modified":"2024-06-22T10:43:39","modified_gmt":"2024-06-22T10:43:39","slug":"polygon-matic-turns-bullish-after-losing-streak-is-a-1000-rally-possible-from-here","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polygon-matic-turns-bullish-after-losing-streak-is-a-1000-rally-possible-from-here\/","title":{"rendered":"Polygon (MATIC) Turns Bullish After Losing Streak – Is A 1,000% Rally Possible From Here?"},"content":{"rendered":"

Polygon (MATIC)<\/span><\/a> is again flashing <\/span>bullish signals<\/span><\/a>, having maintained a bearish outlook for a while now. These bullish signals suggest that the token could soon make a significant move to the upside. Interestingly, <\/span>crypto analyst World of Charts<\/span><\/a> has predicted that Polygon could enjoy a 1,000% rally when this move happens.\u00a0<\/span><\/p>\n

Related Reading: AI Crypto Fetch.ai (FET) Makes \u2018Big Bounce\u2019 \u2013 Volume Spikes Over 200% Ahead Of Merger<\/a><\/div>\n

Polygon To Rise To As High As $5<\/b><\/h2>\n

World of Charts<\/span><\/a> predicted in an X (formerly Twitter) <\/span>post<\/span><\/a> that Polygon could rise to between $4 and $5 in the midterm. He made this prediction while stating that this might be the last chance to accumulate MATIC before the solid bullish wave, which he expects to happen soon enough. He suggested that this move for Polygon could occur during the imminent <\/span>altcoin season<\/span><\/a>.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Interestingly, the crypto analyst expects Polygon to rise much higher than $5 in the long term. From the chart he shared, he hinted at the crypto token rising to as high as $40 by year-end or sometime in 2025. Meanwhile, he <\/span>stated<\/span><\/a> that a price between $10 and $12 was an \u201ceasy target\u201d for MATIC.\u00a0<\/span><\/p>\n

Data<\/span><\/a> from the <\/span>market intelligence platform IntoTheBlock<\/span><\/a> shows that most of Polygon\u2019s on-chain metrics are bullish, which could help contribute to the crypto token\u2019s move to the upside. One of these metrics is the large transactions, which have been on the rise recently, suggesting that crypto whales are actively accumulating the crypto token.\u00a0<\/span><\/p>\n

MATIC is currently trading at $0.56. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Furthermore, Polygon looks well positioned to enjoy a significant rally when the given altcoin season kicks off, considering that the <\/span>Spot Ethereum ETFs<\/span><\/a> are believed to be what will trigger this run for altcoins. That means that the rally could begin in the Ethereum ecosystem, where Polygon remains one of the most prominent Ethereum-based tokens.\u00a0<\/span><\/p>\n

Time To Flip Bullish On Polygon<\/b><\/h2>\n

Crypto analyst CrediBUL Crypto<\/span><\/a> also recently suggested that Polygon\u2019s bullish reversal was on the horizon. He revealed that he had been going short on the crypto token for a while now but stated that it was almost time for him to <\/span>flip bullish<\/span><\/a> on Polygon. Crypto analyst Mayor of Matic also recently highlighted a wedge pattern on Polygon\u2019s pattern and <\/span>stated<\/span><\/a> that the breakout above the wedge will be \u201cpowerful.\u201d\u00a0<\/span><\/p>\n

Crypto analyst Crypt Kaleo<\/span><\/a> had earlier in March <\/span>highlighted<\/span><\/a> Polygon\u2019s chart and suggested that the crypto token was looking well primed for that move. As such, considering how long it has consolidated since then, this parabolic move could happen sooner rather than later. However,it remains to be seen if <\/span>MATIC<\/span><\/a> can rise as high as $5 as World of Charts predicted.\u00a0<\/span><\/p>\n

Related Reading: Tron\u2019s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa<\/a><\/div>\n

At the time of writing, Polygon is trading at around $0.56, down over 2% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

Featured image from Getty Images, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Polygon (MATIC) is again flashing bullish signals, having maintained a bearish outlook for a while now. These bullish signals suggest that the token could soon make a significant move to the upside. Interestingly, crypto analyst World of Charts has predicted that Polygon could enjoy a 1,000% rally when this move happens.\u00a0 Related Reading: AI Crypto Fetch.ai (FET) Makes \u2018Big Bounce\u2019 \u2013 Volume Spikes Over 200% Ahead Of Merger Polygon To Rise To As High As $5 World of Charts predicted in an X (formerly Twitter) post that Polygon could rise to between $4 and $5 in the midterm. He made this prediction while stating that this might be the last chance to accumulate MATIC before the solid bullish wave, which he expects to happen soon enough. He suggested that this move for Polygon could occur during the imminent altcoin season.\u00a0 Interestingly, the crypto analyst expects Polygon to rise much higher than $5 in the long term. From the chart he shared, he hinted at the crypto token rising to as high as $40 by year-end or sometime in 2025. Meanwhile, he stated that a price between $10 and $12 was an \u201ceasy target\u201d for MATIC.\u00a0 Data from the market intelligence platform IntoTheBlock shows that most of Polygon\u2019s on-chain metrics are bullish, which could help contribute to the crypto token\u2019s move to the upside. One of these metrics is the large transactions, which have been on the rise recently, suggesting that crypto whales are actively accumulating the crypto token.\u00a0 Furthermore, Polygon looks well positioned to enjoy a significant rally when the given altcoin season kicks off, considering that the Spot Ethereum ETFs are believed to be what will trigger this run for altcoins. That means that the rally could begin in the Ethereum ecosystem, where Polygon remains one of the most prominent Ethereum-based tokens.\u00a0 Time To Flip Bullish On Polygon Crypto analyst CrediBUL Crypto also recently suggested that Polygon\u2019s bullish reversal was on the horizon. He revealed that he had been going short on the crypto token for a while now but stated that it was almost time for him to flip bullish on Polygon. Crypto analyst Mayor of Matic also recently highlighted a wedge pattern on Polygon\u2019s pattern and stated that the breakout above the wedge will be \u201cpowerful.\u201d\u00a0 Crypto analyst Crypt Kaleo had earlier in March highlighted Polygon\u2019s chart and suggested that the crypto token was looking well primed for that move. As such, considering how long it has consolidated since then, this parabolic move could happen sooner rather than later. However,it remains to be seen if MATIC can rise as high as $5 as World of Charts predicted.\u00a0 Related Reading: Tron\u2019s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa At the time of writing, Polygon is trading at around $0.56, down over 2% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from Getty Images, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":625941,"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":[142,6664,40670,83584,3505],"class_list":["post-625936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-matic","tag-polygon","tag-price-analysis"],"acf":[],"yoast_head":"\nPolygon (MATIC) Turns Bullish After Losing Streak<\/title>\n<meta name=\"description\" content=\"Polygon (MATIC) is again flashing bullish signals, having maintained a bearish outlook for a while now. 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