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MATICUSDT

Polygon: a bright future or forgotten technology? Polygon is the first Layer 2 blockchain. The initial placement of the project took place on April 24 2019, on the Binance Launchpad platform and two years later, on December 27, 2021, an ATN of 2.92 USDT was reached. Project development dynamics For several years, the project was for the most part, if not in oblivion, then in the shadow of other similar and all sorts of "killers of Ethereum". The project reached a wave of success in 2021, having caught the eye of large public investors and built partnerships with popular brands. In May and June 2021, Polygon received support from billionaire investor Mark Cuban, who revealed plans to integrate his NFT Lazy.com platform with Polygon. To date, Polygon has various partnerships with: Adobe Behance DraftKings Alan Howard's hedge fund, to develop Web3 projects Stripe launched global cryptocurrency payments through Polygon. Fashion brands: Adidas Originals, Nike, and Prada have launched NFT collections on Polygon. Instagram is also partnering with the project at NFT. Polygon is partnering with Niger to develop a blockchain ecosystem for the country's future. Aave, Curve.Fi, Decentraland, Sandbox, OpenSea and Uniswap have chosen Polygon as their scaling solution. Polygon has partnered with Salesforce, which delivers customer relationship management (CRM) software. Citigroup published a report in April 2022 describing Polygon as AWS Web3. It is claimed that the Metaverse economy, by 2030, will reach $13 trillion, with much of it developed on the Polygon network. Citigroup also believes Polygon will become widespread because of its low transaction fees and developer-friendly ecosystem. A report from blockchain analytics company Messari, showed that in the third quarter of 2022, the number of active MATIC addresses increased by 180% in the second quarter, and the total number of transactions for the quarter was 2 billion. In 2023, despite the market correction, the project has made significant strides, both in development and partnerships. In the last couple of weeks, partnerships have been reached with Google Cloud and Franklin Templeton to tokenize large-scale financial products for its DeFi, etc. Sotheby's, which accounts for 24% of the world's art auction sales, announced that its trading floor has launched on Ethereum and Polygon. Polygon's GitHub has recorded a significant increase in the number of code commits and the number of kernel developers since early May. Recent technical news for the project has been the launch of Polygon zkEVM, a zero-disclosure scaling solution equivalent to the Ethereum virtual machine. This means that most existing smart contracts, developer tools, and wallets will be able to work seamlessly. Polygon zkEVM leverages ZK proofs to reduce transaction costs and increase throughput while keeping Ethereum secure. Polygon launched three updates on May 3 to make it easier for developers to integrate decentralized identity into dApps: new features in Polygon ID infrastructure tools that include improved integration, UX, and a host of new tools to help developers who build dApps. A new issuer node interface that will make it easier to set up, manage and work with the issuer node. In addition, push notification support is provided in the mobile SDK and in the app reference implementation. Developer tools and updates such as JWZ Validator, Polygon ID smart contract deployment on the core network and the recently announced PolygonID DID resolver. Outlook for Matic Today, the L2 solutions niche is actively filling and expanding, with projects and their ecosystems competing with each other for developers and users to form a better L2 ecosystem. Matic's direct competitors, Optimism and Arbitrum, launched in mid-2022 and March 2023. These projects, as well as Matic, aim to make transactions cheaper and increase throughput. After the release of these projects, Matic actively began to lose the volume of transactions within the blockchain and the number of unique active addresses. Zero Knowledge-based projects zkSync and StarkNet are currently being prepared for release and will also be in the L2 solution race. Matic lost its unique advantage of being the only project with the best user experience and now the project team is looking to create partnerships with established web2 businesses and prepare projects for mass adoption. Only with these products, Matic will be able to regain its dominance amongst the other L2 solutions. At the moment, the price of Matic is approaching the key support zone of 0.78-0.68. Potential zones for growth are shown on the chart in terms of historical analysis.
COINBASE:MATICUSD
by Samura0x
17
Polygon MATIC price beckons to buy, but where?)Exactly 3 months have passed since the publication of the idea with our global vision of possible movements of the MATICUSDT price. The first part of the idea has clearly worked out the $1.50 target, and the second part of the idea with a correction to $0.5 now looks unlikely. It is more realistic to assume that the "buyer" who did not allow the MATICUSD price to fall below $0.70-0.80 during the second half of 2022 will not allow this to happen in the near future. Therefore, we consider the $0.70-0.80 zone to be ideal for buying MATIC into the medium- and long-term portfolios with the first take profit not earlier than $2.50 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
M
by P_S_trade
45
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) which is currently the world’s tenth-largest cryptocurrency, fell for a fifth straight day. MATIC/USDT plunged to a bottom at 0.866, less than a day after the token was trading near 0.90. This latest decline in price has pushed Polygon to its lowest point since January 11, when it traded at 0.84. Looking at the chart, this spell of sell-offs has sent the RSI below 30.00, which is deep in oversold territory. The last time price strength tracked this low was back in July 2022, which may give bulls optimism that a reversal could be soon approaching. MATIC is now trading at 0.8723, which is marginally higher than its earlier lows. Hit the like button if you like it and share your charts in the comments section. Thank you
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by CryptoSanders9563
6
Polygon (MATIC) formed bullish Gartley for upto 91% rallyHi dear friends hope you are well and welcome to the new trade setup of Polygon (MATIC) with US Dollar pair. Previously I shared a long-term trade setup for MATIC which produced more than 246% rally as below: Now on a weekly time frame, MATIC has formed a bullish Gartley pattern for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MLong
by moon333
1
MATIC idea sharing1D chart: At present, MATIC takes support and resistance at 1.3121 as the key price. After MATIC fell below the inverse cup and handle pattern (below 1.3121) in April last year, the lowest price reached 0.3157. After that, the price appeared higher low and higher high, and there was a situation of breaking through the resistance of 1.3121. Pay attention to whether MATIC is effectively supported by the support trend line below. If the support trend line is broken, a bear flag pattern will appear. - 4 hr chart: In the 4 hr chart, MATIC has shown a triangle convergence pattern and has broken the resistance trend line. Pay attention to the previous high of 1.2507 and the stop loss price of 1.0239. If there is a breakthrough of the previous high of 1.2507, there is a chance to challenge the resistance of 1.3121 again. -
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by noah_chen
MATICUSDTHow do you do dear followers, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for MATICUSDT According to our previous analysis on April 30, we expected a falling trend to take place for the price and here we have the precise prediction of our team. There we have R3 and R2 on the top of the chart which are the resistance areas with the demonstration of disability of price to rise. R1 used to be a long-term support line. S1 used to be a resistance area. And at the bottom of this chart, S2 is our long-term support area that contains the support of price at some points even since the past. We observe the price behavior in the past which was supportive at S2 area well and after rising upward and its rejections and descending trend lower amounts, it was supported at R1 again at some pints. Then by losing the support at the mentioned area, a long negative Marubozu Candle made another decline for it down to S1. Presently, we see the movement of price in the first support area and our expectation would include more support and fixation here and then by having a rise toward R1, another decline for the price to reach S2 area is expected. The general trend of the chart is descending and we would have more fall in the coming days. Note that when the price falls downward and by reaching at S2, there will be a great point for putting your orders but you should wait for some supports and fixation and then on the returning process upward, we can put our trade orders. Also if the price can break R1 upward, the possibility of a rise is high via receiving more fixation and fluctuation by the price. It is better to consider market situation in the lower time frames and make sure what will happen exactly. We suggest you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
MShort
by MarsSignals
MATIC buyer exhaustion could see prices fall to $0.77The bullish order block on the daily timeframe formed on 18 Jan has acted as strong support back in March The retest of this zone on 9 March saw prices bounce to $1.24 The subsequent retest in late April did not see a positive reaction- instead, MATIC continued to slide lower from $1.025 to $0.977 over the past two weeks Therefore a daily session close below the bullish order block ($0.925) and retest of the $0.96-$1 area could offer a shorting opportunity Entry: $0.996 Exit: $0.837 (a more ambitious target would be $0.77) Stop-loss: $1.07 (above recent wick)
MShort
by AMBCrypto_TA
Polygon [MATIC] will see more sell pressure below $0.9780Price action faced rejection at the bearish OB on the 2-hour chart at $1.0140 and dropped to bullish OB at $0.9854 (cyan). A close below the support (cyan) and confirmed downtrend could push MATIC to $0.9515 ( a bullish OB on the daily timeframe). The RSI and OBV dipped - buying pressure eased. But RSI was in a neutral position. Entry: $0.9780 (below bullish OB) Exit/target: $0.9515 (lower support) Stop-loss: $0.9865 (above the bullish OB) R:R - 3
MShort
by AMBCrypto_TA
MATIC Polygon Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. MATIC/USDT short Entry Range: $0.95 - 1.10 Take Profit 1: $0.90 Take Profit 2: $0.79 Take Profit 3: $0.63 Stop Loss: $1.26
MShort
by BuySellMarketMaker
1
MATIC - A breakout is coming! Given the anticipated downward trajectory of BTC from its current levels, the price of MATIC will likewise experience a decline. Consequently, a break to the downside is expected, and it may be prudent to adopt a wait-and-observe approach for more favorable pricing opportunities. It's said that one day, the mighty MATIC will set its course for the moon, but for now, it seems to be headed back down to Earth! Keep your eyes peeled and your senses sharp, as this journey promises to be a wild ride filled with unexpected twists and turns! :)
MShort
by MBM_Crypto
8
Matic - Trade ExitTraders, As explained in the video I just released, this recent crypto price action up all simple appeared to be a bull trap. I was growing more and more bearish as I did my video and indeed, by the time the video was ended, I felt it was time to capture my meager profits in MATIC for another very small win and get out! As it was the drop happened so fast, I was barely able to do that. I will NOT be looking to enter back into any trades until BTC does as I have been expecting it to do (retest that neckline at 25.3k - see vid for more), or until we start to capture some new pivot highs. Until then, alts will probably just follow the big dawg (BTC) down. Best, Stew
COINBASE:MATICUSD
by stewdamus
1