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Polygon

Matic Price Recovery ( MATICUSD Analysis )Polygon’s native token, MATIC reached a new all-time high (ATH) of $2.9 on December 26 as the festive season bullishness pushed the larger market. That said, MATIC’s recent price discovery was not on the back of larger market movements, but the increased action and interest in the network. Driven by sustained network growth and high active addresses, MATIC’s price recently broke ATH and has been in a larger uptrend since December 15. Its high address activity has continued to show increased interest surrounding the Polygon Network with over 8,000 daily active addresses making MATIC one of the top-5 most active coins and most used coins. Further exchange balances for MATIC had dropped down to ATH levels as more coins left exchanges amid a positive sentiment. That being said a general rise in the number of larger transactions and large transaction volumes highlighted how the asset was seeing an increasing institutional interest as bigger players took over. In terms of fundamentals, MATIC looked good and presented a healthy rally but what does its rise tell about the market. Well, the recent MATIC rally saw the altcoin independently rally as its BTC correlation saw a new all-time low. MATIC’s gains are indicative of the rise in L-1 protocols as analysts have noted a spike in capital inflow in networks like Polygon, Solana, and Terra over the last month. Price-wise too, MATIC was in price discovery mode, much like Terra and Solana during their previous rallies. As retail and institutional interest in L-1s spiked over the last year, their total value locked also saw dramatic growth. So it seems like L-1s are looking ready to take on 2022, provided the network growth and on-chain activity sustains.
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by thomasfullerofficial
MATIC/USDT New All Time High hit and What New update now?#MATIC/USDT TA Update:- $MATIC currently trading at $2.80 And Daily going to new All time High. Today hit $2.877 ATH What Chart say..? As Per chart $MATIC broke our all time Resistance $2.41 and also trading above Resistance level so Now $Matic is supper bullish. But Also trading at Small resistance point. So I am expecting some Retracement till $2.41 Now 2 Strong support for $Matic Bull Cycle. Support:- $2.41/$1.90 Resistance:- $2.90 Never Gamble with your hard earned money. Always trade with Confirmations. Thank you.
MLong
by CryptoPatel
2
MATIC - new ATH, preparing for price discovery modeMATIC is one of best performing cryptos in recent time. Chart looks great, new ATH is reached, HH and HL since summer. Only thing that bothers me is the volume. If you compare volume from previous breakouts and upwards moves, current volume is too small. Breakout without volume confirmation can result in false breakout. Hope it is not the case here. If MATIC manages to stay above previous ATH level, consolidates for some time (without falling sharply down) further price discovery mode is probable! Take a look at previous MATIC analysis where I also mention this potential "volume problem":
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by Philippe_0x
MATIC TargetsMy recent Polygon call just hit the target. 👇 We are having a great run📈 but I think it's the right time to take at least some profits off the table, so I will be lowering the exposure on each TP level step by step. Here are my next targets for ♾️ MATIC : TARGET 1: 2.44 TARGET 2: 2.58 TARGET 3: 2.85 TARGET 4: 2.99 Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
MLong
by bizmark
3
Polygon (MATIC) 3 of 5 tasks done...Polygon (MATIC) 3 of 5 tasks done... 1. hold the green price trendline channel (done) 2. hold the green support on OBV (done) 3. break the red horizontal price resistance (done) 4. break the red trendline channel on RSI 5. confirm breakout(s) and have fun 😎 What do you think? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *not financial advice do your own research before investing
MLong
by Crypto4Everybody