Polygon Price Prediction: $3 Target Imminent After Breakout

Breakout above $1, with higher volume, could spark rally

• After consolidating above the $0.80 level, #Polygon's price initiated a fresh upward movement.

• $MATIC successfully surpassed key resistance levels around $0.880 and $0.900, entering a positive zone akin to #Bitcoin and #Ethereum.

• Analysis of the 4-hour chart indicates an uptrend, with #Polygon forming higher highs and higher lows.

• Recent bullish momentum, particularly noted in the last week, propelled a breakout from the triangle pattern on the weekly chart.

• The V-shaped recovery observed signals aggressive buying activity.

• Bulls are currently dominating Polygon's price action, potentially targeting further gains above $1.10.

• Similar consolidation in a triangle pattern preceded the 2021 bull run, hinting at a potential recurrence.

• According to Coingabbar Price Analysis, The Polygon price is anticipated to maintain above $0.95 until the day concludes, with a projected minimum level of $1.5 to $1.7 by week's end.

KEY LEVELS :

RESISTANCE LEVEL : $1.0500-$1.1500

SUPPORT LEVEL : $0.9500-$0.8500

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