POLYGON: The darkest horse on the crypto hippodromePolygon is Ethereum's first successful L2 solution. Aside from the main product, Polygon blockchain, the project also offers solutions based on the ZK and SNARK algorithms.
One of the main narratives for 2023 is blockchain and ZK-based solutions; we can assume that when zkSync, StarkNet, and other similar projects emerge, Polygon will grow alongside them, because market participants will find that all of these technologies are already implemented and used in Polygon.
Current metrics
Price: $1.09
ATH price: $2.8
M.cap: $9.5b
ATH M.cap: $20.5b
FDMC: $10.8b
Price change in a year: -57%
Maximum price change in a year: -87%
Polygon partnerships deserve special attention:
Meta
Nike
Htc (smartphones production)
Reddit
Robinhood
JPMorgan
DraftKings
Adobe
Liverpool
Starbucks
Adidas
Prada
Stripe
Nothing
NFL
Why is Polygon one the most prospective projects of the future?
While Ethereum solves scalability and gas price reduction issues
Solana is trying to address user churn, liquidity, and network sustainability issues
Near is trying to establish itself in the market, develop marketing strategies, and attract developers
Aptos is emerging as an ecosystem
Sui, Sei, Arbitrum, ZK and STARK are getting ready to go to market
Polygon is fully committed to becoming a mass-adoption solution and collaborating with as many real-world companies as possible. The next bull cycle will be based on mass adoption and engagement, which requires companies with a user base and products that are used by the masses.
Polygon is aggressive, and the average user is much more likely to hear about Polygon than Aptos/Solana/Near. Polygon develops solutions that, like Ethereum, do not require high transaction costs. Polygon has a well-established ecosystem and its own user base. Polygon has a chance to become the most widely used blockchain project.
Share your thoughts about Polygon in a comments section with us and check links below to trade Polygon with our exchange!
Thanks for reading!
Polygon
MATIC: Sideways Channel BreakoutPolygon (MATIC) technical analysis:
Trade setup : Bullish breakout from Sideways Channel ($0.75-$1.00). Trends have reversed to Uptrend and price could revisit $1.30 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
MATICUSDT, key zones to watch and next move. UpdateHello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. The price is currently moving as we expected, So you can manage your positions and profits until you reach the first target. Consider that the market is dispose to small correction. The targets will be 1.3 and 1.7 .
Good luck.
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long MATIC$MATIC faced a strong support near the 0.5 Fibonacci level. Bullish trend is likely to continue and reach the resistance level at 1.2$
MATIC♾️ breakoutWassup guys! Polygon broke up this triangle📐 and I think there is chance for run to 1.1340 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you.
ENTRY : local high @ 1.0185
STOPLOSS (SL) : local low @ 0.9760
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 1.1340
REWARD RISK RATIO (RRR) : 2.65
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Polygon (MATIC): Target 1 and 2 hit! ...and now what's the next?Hi everyone!
The short-term technical structure is still very interesting and Polygon (MATIC) seems to still be projected to the upside again. After hitting our first two targets (see chart below), either before or after a corrective structure, I expect to reach my last target around 1.15 area, so I'll try to add Long positions on short-term pullbacks. The chart shown is in logarithmic scale on one hour time frame.
PREVIOUS ANALYSIS
(Click on chart below)
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thanks for your attention and please... trade with care! 💖
The next targetsThe buying pressure under the resistance range of 1.055 dollars caused this resistance level to be broken. Therefore, the next target of buyers can be considered in the range of 1.25 to 1.30 dollars. Also, breaking this resistance has caused the price to exit the range channel, which we can consider a higher target as the second target for MATIC. This resistance is considered in the range of 1.61 to 1.71 dollars.
MATIC/USDT :: Soon the triangle will be broken !!!MATIC/USDT :::
Price ceilings are formed on the same level and price floors are closed above each other, and these events have caused a great triangle to form.
The best thing to do in such cases is to wait until the price finds its way and exits the triangle .
Polygon MATIC leaving the penny crypto area after last Fakeout⁉️MATIC leaving the penny crypto area after last Fakeout⁉️
Like in Stock Market the $1 mark is important for cryptocurrencies as well
Just see Polygon price reaction on the chart
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
MATIC (Polygon): Buy the Dip Strategy in short termHi everyone!
Matic Polygon' main trend is still bearish , but we do not rule out some interesting corrective moves in the near term. If our analysis is correct, it might be interesting to accumulate on corrective swing and let Long positions run to 0.9304 as first bullish target.
If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below.
thanks for your attention and please... trade with care! 💖
matic start to show some weakness im going short from 1.30 $ first take profit 0.90
second 0.80
stop lose 1.35 BINANCE:MATICUSDT
Polygon (MATIC): ...bullish continuation in short term?Hi everyone!
Polygon (MATIC) has triggered a beautiful rally that we have followed in the last few weeks (see chart below), having said that, the trend is still bullish on intraday chart and from a technical point of view, it should be Long on all pullbacks in small times frame.
PREVIOUS ANALYSIS
(Click and Play on chart below)
Thank you for support and your "Likes" ....we will continue to follow the crypto with updates below!
thanks for your attention and please... trade with care! 💖
POLYGON/MATIC to $1.30-1.35Measured move off breakout on 3 day that closes tonight would be 1.30-1.35 looking at the FIB levels and the VPBR on the right for resistance room to grow a bit more and BTC has a similar area of volume at 30K and giant falling pizza too with the 61.8 at $48K, Remember the last bear market rally from $3k base to $14K Gonna Get interesting, see what happens in traditional markets and world tensions, could dampen any rally.
matic usdtbreakout on time frame 1d,nice for long therm breakout on time frame 1d,
tp 1 = 1,45
matic usdtbreakout on time frame 1d,nice for long therm
$MATIC - coming to LifeHello my Fellow TraderZ,
It seems #POLYGON ($MATIC) is breaking of the SYMMETRICAL TRIANGLE and looking forward to test its immediate resistance area ~ $1.25.
Most of the coins have pumped but $MATIC is lagging among them. Follow #BTC also if it pullbacks, $MATIC is no exception and will se the support below.
Happy Trading Fam. CHEERS!!!
MATICUSDT, key zones to watch and next move. UpdateHello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. We said that the price has the potential to break its resistance and now the resistance is broken and IF the pullback is confirmed, it will continue to reach the target. The targets will be 1.3 and 1.7 .
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
🔥 MATIC IS GOING TO BREAK $1 KEY LEVEL!🔥 Hi friends! The value area is a place where the whales accumulate/distribute their positions. Now MATIC is consolidainge inside the HUGE value area and I think it's an accumulation.
🚩The price of this altcoin should skyrocketing when it break the top boundary of this area ($0.96). So this is a main reason to open our longs before it happen and make a good profit.
📊 THE TRADING PLAN FOR MATIC:
1. squeeze to the trendline after the pullback
2. the huge buy orders on DOM and Footprint sclaping tools before the breakout
3. bullish BTC is a must have for the 99% of altcoins growth
🚩 The huge volume confirm the liquidation of the overleveraged long traders. It's force me to think that the recovery is possible even in a short term.
✅ MY TARGETS FOR MATIC:
🔥 $1 - key level and even number
🔥 $1.16 - key level and local high
🔥 $1.3 - key level and local high
Traders, I recommend you to book at least 30% of profit when the price reach each of our targets. Make a money and stay tuned!
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
MATIC - Long scenarioThere are possible scenarios for matic to move upward.
targets are on the chart and keep in mind that any position you open, should have stoploss on 0.7. design your position with this SL and a good risk/reward.
in the green zone, we might have very low momentum, but as daily MACD gets above 0, it will jump.
all the idea will expire after getting lower than 0.7
$MATIC position being closedClosed $MATIC position entirely before
If wrong, it's okay, am sure other #crypto coins will pump more if this keeps pumping
Not liking RSI atm
If it sells off decently will rebuy, again
#p2e #metaverse #nft
MATICUSDT, key zones to watch and next moveHello guys, Everything is explained on the chart for you like always. Matic is below a strong resistance zone for now but has the potential to break it. Possible and expected next move and targets are explained to you. The targets will be 1.3 and 1.7 .
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
Polygon (Matic) potential cup and handleAbout to enter Elliot Wave 3...very bullish...I can see upside potential to $2.40 longer term...expecting a short-term pop soon.
MATIC GONNA EXPLODEHidden bullish div on MFI. MFI is forming a falling wedge which will explode upside.
Feel free to comment your opinion.
MATIC - Poised for big against against BTC if history repeatsMATICBTC broke out to the upside of its 18 month channel and is confirming support above it. If we get a strong move to the upside, we may have a repeat of 2021. I'm long here.
