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.
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.
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.
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