We need to talk about Polygon (MATIC). It has not done well in the past year, and it did not reach new highs like many other tokens in a crypto market that was doing really well. Nevertheless, a recent analysis conducted by Bixley has sparked hope for a big bullish breakout soon. Bixley predicts there […]
The post Analyst Foresees 7,800% Uplift for MATIC; MANIA Exhibits Steady Progress appeared first on Coin Edition.
We need to talk about Polygon (MATIC). It has not done well in the past year, and it did not reach new highs like many other tokens in a crypto market that was doing really well. Nevertheless, a recent analysis conducted by Bixley has sparked hope for a big bullish breakout soon.
Bixley predicts there might be an increase in prices of Polygon (MATIC):
- Gains could go up to 7,800%;
- Price goals might reach as high as $55.
This forecast links the present course of Polygon (MATIC) with Ethereum (ETH) initial price variations, implying that an increase beyond the important trend line presently at $0.7 might trigger notable upward force.
Opposite to Bixley’s positive view, another analysis saw a bearish situation. This was indicated by a death cross forming on the weekly chart of Polygon (MATIC), which usually suggests that there might be a coming downward trend. Such movement could possibly result in price decreasing by about 70%. Nevertheless, the price of Polygon (MATIC) has seemed strong as it consolidated at $0.71 support level before rallying up to $0.7282.
Important resistance levels have been marked at $0.738, $0.766 and $0.794, which traders will …
The post Analyst Foresees 7,800% Uplift for MATIC; MANIA Exhibits Steady Progress appeared first on Coin Edition.
