MATIC Next target: Do you see the $2 level?

Matic is one of the most promising cryptocurrencies in terms of project strength and future plans. The cryptocurrency is on the rise and has recently seen a small correction that could be a buying opportunity.

In this article, we will look at Matic price prediction and weekly analysis.

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MATIC price analysis

As of today, MATIC is trading at $1.07, showing a stable market cap and healthy 24-hour trading volume. The coin has shown good bullish momentum and is poised to reach the $2 level in the coming days.

Let’s take a look at the charts for short-term analysis.

It was consolidating in a parallel channel and attempted to break out several times but was rejected due to resistance in the parallel channel and is now trading below it as support in the parallel channel has broken.

Buy Matic

Weekly Price Analysis

The past week has been favorable for MATIC, with the price surging from $0.98 to its current value. This 9% increase is evidence of positive sentiment and momentum building within the MATIC community.

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RSI has cooled to 62 from overbought levels of 78, which could mean the coin could soon resume its upward rally.

conclusion

MATIC’s current price analysis indicates a strong and growing ecosystem driven by technological advancements and strategic partnerships.

With optimistic predictions and a community eagerly awaiting the Polygon 2.0 upgrade, MATIC is a cryptocurrency to watch in the coming months.

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