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Matic Forecast – Why you should invest in Matic / Polygon now!

 


The Matic price managed to reach the $1.33 support a few weeks ago and has already tested this area twice. As the support has now successfully served as support twice, we anticipate the price to rise next. The short-term target is around $1.69. There we are quite sure that the price will reach the resistance. After that, if the price breaks the $1.69 resistance, it could rally to $2.078. However, there could then be a somewhat stronger correction.


There is, of course, a bearish scenario that one should not lose sight of. If the Matic price breaks the current $1.33 support, which we do not expect, the price could sink even lower and challenge the next support. This is around $1.

The Matic price has been correcting towards the GoldenPocket for the past few months after breaking at the 100ext. line (first destination of the ABC sequence) was rejected. With the GoldenPocket holding to date, we assume that the course will complete the current ABC sequence sooner or later. Based on this, we expect prices to be somewhere around $5 – $6 as that is where the final destination of the ABC sequence is. However, it could take some time before these prices are reached.

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