- MATIC could reach $1.5 if it goes up.
- First, it needs to go above $0.54 on the chart.
Investors in Polygon [MATIC] have been struggling as the token’s price has been dropping. However, there is hope for MATIC to reach $1.5 soon.
Polygon’s Plan for Recovery
Recently, MATIC’s price went down by 16%, but it is currently trading at $0.4233. Only 2% of investors are making a profit.
Although sentiment around MATIC is negative, social interest is high. A bullish pattern on the chart suggests a potential rally towards $1.5.
MATIC’s Future Targets
Investors are buying MATIC, but its MVRV ratio is low. The RSI is oversold, which could increase buying pressure and raise the price.
If MATIC breaks above $0.54, it could target $0.6, but if the bearish trend continues, it might drop to $0.33.
Is your portfolio green? Check out the MATIC Profit Calculator.
If there’s a bullish trend, MATIC could aim for $0.54 first, with a chance of a short-term correction. Continuing upwards, $0.6 could be the next target, but a bearish trend could bring the price down to $0.33.
Vocabulary List:
- Investors /ɪnˈvɛstərz/ (noun): Individuals or entities that allocate capital with the expectation of a financial return.
- Struggling /ˈstrʌɡlɪŋ/ (verb): Experiencing difficulty or hardship.
- Sentiment /ˈsɛntɪmənt/ (noun): A view or attitude toward a situation or event; emotional response.
- Bullish /ˈbʊlɪʃ/ (adjective): Characterized by or causing rising prices; optimistic about future price increases.
- Oversold /ˌoʊvərˈsoʊld/ (adjective): Indicating that an asset has been sold excessively and is expected to rebound.
- Bearish /ˈbɛrɪʃ/ (adjective): Characterized by or causing falling prices; pessimistic about future price decreases.
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