![Why Is Polygon (MATIC) Price Up?](https://captainaltcoin.com/wp-content/uploads/2023/06/P2P-Review-34.png)
Polygon’s MATIC token has surged over 8% today and 17% this past week. Experts were already expecting a breakout, and MATIC’s push above key resistance now has them forecasting further upside.
![](https://captainaltcoin.com/wp-content/uploads/2023/10/image-599-1024x581.png)
What you'll learn 👉
Critical Resistance Broken
According to ZAYK Charts, MATIC’s trendline was weakening, signaling an imminent breakout. World of Charts also highlighted a bullish falling wedge pattern in the daily timeframe. He projected a rally over “100-120%” once the breakout triggered.
Per analysis from AltFINS, MATIC faced strong resistance around $0.60 where it peaked in late September. But MATIC has now broken decisively above this level.
![](https://captainaltcoin.com/wp-content/uploads/2023/10/image-600-1024x573.png)
Source: altFINS – Start using it today
AltFINS notes that climbing above $0.60 resistance opens the door for MATIC to surge towards the next resistance around $0.75.
Further Upside Ahead
MATIC has cleared the critical resistance that experts were monitoring around $0.60. With this breakout achieved, analysts agree the path forward looks bullish for MATIC.
Targets mentioned include the $0.75 zone and even 100-120% returns from breakout levels. As MATIC maintains momentum above $0.60, further upside appears in store according to expert projections.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.