Polygon price prediction for today, December 27 – MATIC technical analysis

Polygon price prediction shows that MATIC is likely to break above the channel as the coin moves to generate further profits.

Polygon prediction statistical data:

• Current polygon price – $1.05
• Polygon market cap – $10.23 billion
• Polygon Circulating Supply – $9.56 billion
• Total polygon supply – $10 billion
• Polygon Coinmarketcap Ranking – 12th

MATIC/USD market

Main level:

Resistance levels: $1.25, $1.30, $1.35

Support levels: $0.85, $0.80, $0.75

MATIC/USD is showing a bullish crossover above the 9-day moving average and the 21-day moving average and is currently trading at $1.01, hitting a new high. On the other hand, if the market price falls below the moving average, a downtrend is likely to begin, but bulls can raise more money when the price falls.

Polygon Price Prediction: MATIC Price Is Ready to Rise

If the current market movement crosses the upper boundary of the channel, Polygon price may continue its upward trend. The 9-day MA is currently likely to move above the 21-day MA, which could entice more buyers to enter the market. However, Polygon (MATIC) has now crossed the upper boundary of the channel, which could lead to further bullish movement.

However, if the red line of the 9-day moving average crosses above the green line of the 21-day moving average, the coin may continue its bullish run and Polygon price may reach the resistance levels of $1.25, $1.30, and $1.35 respectively. This means that if the coin decides to turn to the downside quickly, there could be a quick bearish pullback that could push the market back to the important support levels of $0.85, $0.80, and $0.75.

MATIC/BTC may be on the rise

Compared to Bitcoin, Polygon price remains at 2434 SAT, hovering above the 9-day and 21-day moving averages. Meanwhile, if the bulls exert more effort, the coin may start to follow a bullish move. Moreover, the fact that the 9-day moving average is crossing above the 21-day moving average may cause the market price to continue its upward trend.

Additionally, on the daily chart, potential resistance levels are positioned above 2900 SAT, but a sustainable move lower could cancel the bullish pattern and attract new sellers coming into the market with the next focus being on support levels below 2000 SAT. .

polygon alternative

Polygon price is poised to potentially rise from its current high of $1.07, with signs pointing to some upward movement in the coming week. Polygon price is expected to break above the channel and reach the immediate resistance level of $1.10. As a result, favorable market performance may become apparent when the 9-day moving average exceeds the 21-day moving average.

However, $BTCMTX, which currently stands at close to $6.3 million in active presales, shows significant growth potential given its relatively small market capitalization. In contrast, a cryptocurrency like Polygon (MATIC), with a market capitalization of $10.1 billion, may not present similar growth opportunities due to its already extensive market presence. Therefore, traders should not overlook the distinct advantages that $BTCMTX offers in the ever-evolving cryptocurrency landscape to position themselves for a prosperous future.

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