Impressive recovery shown by $Matic over the past month, with a significant bounce off the $0.69 level.
Last week, $Matic price surged above $0.80, marking a 22% increase and reclaiming a key resistance level.
The rally shows a V-shaped pattern with increased volume, signaling aggressive buying favoring the buyers.
On the daily chart, #Polygon price formed a double-bottom pattern above the demand zone, indicating bullish momentum.
The bullish closure of last week drove the price above a triangle formation on the chart.
A triangle pattern resembling past consolidations before the 2021 bull run suggests a possible repetition of such an event.
According to Coingabbar Price Analysis, Anticipated price action suggests #Polygon matic may stay above $1.1000 and potentially reach $1.5000 to $1.7000 in the near future.
KEY LEVELS :
RESISTANCE LEVEL : $1.5000-$3.0000
SUPPORT LEVEL : $0.05000-$0.02500
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