While Polygon (MATIC) may be an underperformer in the current bull market, renowned analyst Ali Martinez believes the asset could be set for a re-entry into the $1 threshold. In the last 24 hours, MATIC has crashed by 4%. On a seven-day scale, the asset has collapsed more significantly by 13%. Meanwhile, this bearish performance […]
The post Buy Signal Confirmed for Polygon (MATIC) with Projected 15% Rally to $1 appeared first on Coin Edition.
- Analyst Ali Martinez has spotted a buy signal for MATIC to send the asset to $1.
- The analyst noted that MATIC must maintain above $0.87 before rallying 15%.
- MATIC has crashed by over 24% since last year, while rivals have witnessed double-digit gains.
While Polygon (MATIC) may be an underperformer in the current bull market, renowned analyst Ali Martinez believes the asset could be set for a re-entry into the $1 threshold. In the last 24 hours, MATIC has crashed by 4%. On a seven-day scale, the asset has collapsed more significantly by 13%.
Meanwhile, this bearish performance is not unique to Polygon, considering the broader market has been bleeding for the past few days. However, the crypto market experienced a relief rally in the last 24 hours, with Bitcoin reaching as high as $69,291. While MATIC flashed signs of recovery, it plunged back into the bearish zone and invalidated all recent gains.
Yet, analysts like Martinez believe the recent bearish performance now represents an opportunity for interested investors to enter MATIC’s market. In a recent tweet, the analyst disclosed observing a buying signal for MATIC via the TD Sequential indicator. Mar…
The post Buy Signal Confirmed for Polygon (MATIC) with Projected 15% Rally to $1 appeared first on Coin Edition.
