Polygon (MATIC) Price Made A Strong Comeback Following A Major Breakout, Can we Expect $1.53?


In a remarkable turnaround, Polygon (MATIC) has staged a strong comeback in the cryptocurrency arena, displaying a sudden surge that has captured the attention of investors. Over the past 24 hours, the MATIC token has experienced an impressive gain of +14.33%, propelling its value from $0.88 to $1.01. The current market capitalization stands at a noteworthy $89 million, accompanied by a remarkable 166.94% spike in trading volume.

Polygon-Matic-Price
Source: CoinMarketCap

Factor Behind Polygon (MATIC) Surge:

The major factor behind this surge is that the MATIC coin has finally broken out of its symmetrical triangle pattern in 1 Day timeframe. The resistance trendline broke out at a level of $0.89.This breakout helped MATIC to made a strong comeback today.

Polygon (MATIC) Price Chart
Source: TradingView

Can we expect $1.53 for Polygon (MATIC) ?

With the MATIC token presently trading at $1.01, the question on everyone’s mind is whether it can sustain this momentum and breach the $1.19 threshold. If the coin manages to surpass this critical level, there is growing optimism that MATIC could potentially reach the $1.53 mark in the coming days, adding another layer of anticipation to the cryptocurrency’s evolving narrative.

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