Cryptocurrencies: 6460 / Markets: 48197 Market Cap: 24h Vol:
2021-09-25 05:02:31

Polygon price analysis: We expect MATIC to spike to $2 before September ends

TL;DR Breakdown Polygon price analysis is bullish for today.MATIC/USD saw further gains overnight.The support found above $1.20. Polygon price analysis: General price overview The Polygon price analysis is good for today, as the market continued to fall yet again, this time returning from $1.1 to $1.2 in MATIC/USD. The price of MATIC is still fluctuating around $1.20, which was tested but held yesterday.  In the nearest term, our view is supported by the fact that Uphold support service added Matic blockchain to their infrastructure, meaning one of the most popular wallets in the Crypto sphere got another reason to make this cryptocurrency known. Latest news like this should contribute to MATIC/USD gaining traction and recovering major support at $0.60, while it’s likely that after this rebound, the market sentiment will remain positive for some time. Dropping to $1.20 support on Wednesday, MATIC/USD bounced to $1.22 and then down again to $1.2 in a sharp drop that could’ve been used for opening short positions. However, after that, the market price started rising strongly up to the $1.26 level, which was reached this morning.  As a result of today’s MATIC/USD analysis, our forecast is optimistic for both long-term and medium-term traders as well as for investors who are willing to invest in this promising blockchain. Polygon price movement in the last 24 hours: Polygon retraces to $1.20 support MA...

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