Polygon Price Prediction: Is Bulls Set for a Breakout Rally

Bullish momentum as bulls smash $0.96 level, poised surge

• 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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