Why is MATIC Pumping? Experts Agree Polygon Price Could Get This High

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.

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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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency