These Onchain Data Show That Polygon’s MATIC Is on the Brink of Another Major Price Move

Notable crypto analyst Ali (@ali_charts) recently tweeted about increased whale activity on the Polygon network. According to Ali, “There’s a notable surge in whale activity on the $MATIC network. Such significant movements often signal impending price changes. So we could be on the brink of a major #MATIC price move!” This observation comes at an opportune time, as Polygon’s native token MATIC has seen bullish price action over the past couple days.

In addition to the uptick in large wallet movements on Polygon, the network recently achieved a major milestone for adoption and scalability according to crypto personality Goku (@GokuPrimeXBT). In his tweet, Goku stated “#Polygon surges to 2nd Largest TVL, surpassing Ethereum, Solana, and Arbitrum! Major milestone in scalability and adoption.”

This achievement highlights Polygon’s growing prominence in the blockchain space as developers and users flock to the network for its fast and affordable transactions. As more activity flows through Polygon, it strengthens the use case for MATIC and could foreshadow more upside for the token’s price.

Technical Analysis MATIC price has also been bullish for the past two days, showing signs of reversal. It has surged from $0.7 to $0.8 and could continue to rise if fundamentals remain positive. The price represents an over 2% increase in the past 24 hours.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

The confluence of on-chain data and positive technical indicators suggest Polygon’s MATIC stands on the brink of another major price move. The increased network activity from whales, general adoption metrics, and bullish technical patterns all signal the potential for MATIC to see significant upside in the near future. Ali and Goku’s tweets lend credence to this narrative and offer credibility from credible crypto voices.

With MATIC price momentum turning positive amidst a backdrop of growing on-chain usage, the stage appears set for the token to continue its ascent. As one quote goes: “The best way to predict the future is to create it.” For MATIC, increased creation on Polygon seems likely to shape a profitable future for holders of its native token.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.