Why Is Polygon (MATIC) Price Up?

According to crypto analyst Crypto Rover (@rovercrc), Polygon’s native token MATIC looks poised for a major breakout. Crypto Rover has 4% of his portfolio allocated to MATIC, believing it is a solid long-term hold.

MATIC Trapped in Descending Triangle
Looking at the chart, MATIC’s price is currently trapped within a descending triangle pattern. If it can break out to the upside, Crypto Rover sees potential for MATIC to spike as high as $2.8 from its current price around $0.8.

M Cooper: zkEVM Upgrade Could Spike MATIC to $1
Additionally, trader M Cooper (@theclouedyboi_) sees bullish potential stemming from an upcoming upgrade to Polygon’s zero-knowledge rollup dubbed zkEVM. This Etrog upgrade could spur a surge to $1 according to Cooper.

With positive technical setups and fundamentals aligning, analysts seem hopeful for MATIC to continue its uptrend. Key levels to watch include the descending triangle resistance around $0.8 and the recent swing high around $2.8.

Let me know if you need any changes to this drafted story! I aimed to structure the information you provided into a coherent article format.

You may also be interested in:

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
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.

Tags:

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.

CaptainAltcoin
Logo