Over the previous 7 days, Polygon’s native token MATIC has actually dragged the returns published by other leading option cryptocurrencies.
While MATIC has actually gotten 10% throughout this duration to trade around $0.86 at press time, other leading altcoins like Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), and Solana (SOL) have actually published over 15% returns.
According to crypto trader MyCryptoParadise_Simon on TradingView, MATIC shows “appealing market habits” that might foreshadow an approaching bullish breakout:
“Paradisers, concentrate on MATICUSDT as it’s showcasing an appealing market habits. Following a rejection at resistance, it is now restoring strength in a need zone, getting ready for another chance at breaking through the resistance, with a bullish relocation extremely expected post-breakout.”
He keeps in mind that MATIC has actually revealed a dependable pattern in the past of breaking out from coming down patterns to activate uptrends. Currently, the token appears to be preparing for a “possibly robust bullish relocation” with strong momentum indicating a bullish trajectory.
MyCryptoParadise_Simon recommends that if momentum holds, MATIC might check greater resistance around “$0.9819 and $1.2425.” Crypto markets remain unforeseeable, so traders need to “remain prepared for numerous situations.”
