The post Polygon Price Analysis: History to Repeat, MATIC Price to Undergo a Massive Ride Soon! appeared first on Coinpedia Fintech News

Polygon has been trading under the shadows for a long time, being aloof from the wide attention of the market participants. While some look at it as a huge drop in bullish strength, which could lead to a huge descending trend, in reality, the MATIC price is preparing for a huge bullish action. The bulls are maintaining a passive trend as they tend to accumulate strength and exhibit it as the levels approach the apex of the prevailing consolidation. 

The price has displayed its ability to go long during the 2021 bull run where it gulped a couple of zeros from its value to reach the aTH close to $3. Although the prices have slipped back to cents, it appears that the popular layer-2 token is making arrangements to undergo an uninterrupted rally. 

Earlier, the price broke out of the triangle and underwent a 10x and hence, a similar price action is expected at the moment as the token is stuck up within a similar bullish pattern. 

The last week, which closed on a bullish note has propelled the price above the triangle. Regardless of the bearish pressures, the levels have been maintained above the gains, suggesting a significant presence of the bulls. The token seems to have approached the end of the consolidation and, hence, may undergo a massive breakout. The Polygon price had consolidated in a similar triangle just before the 2021 bull run and hence a recurrence of the event could be imminent. 

However, the rebranding from Matic Network to Polygon had a massive impact during the 2021 bull run. Now that Polygon 2.0 is expected to roll out with the token migration from MATIC to POLS (which is already live), an equal impact is expected in the latter part of the year. The Polygon price is expected to sustain above $0.96 until the day closes and achieve a minimum level of $1.5 to $1.7 by the end of the week. 

Hence, this could validate the beginning of a fresh bull run, which may end up marking a new ATH with double-digit figures.

The post Polygon Price Analysis: History to Repeat, MATIC Price to Undergo a Massive Ride Soon! appeared first on Coinpedia Fintech News

Polygon has been trading under the shadows for a long time, being aloof from the wide attention of the market participants. While some look at it as a huge drop in bullish strength, which could lead to a huge descending trend, in reality, the MATIC price is preparing for a huge bullish action. The bulls are maintaining a passive trend as they tend to accumulate strength and exhibit it as the levels approach the apex of the prevailing consolidation. 

The price has displayed its ability to go long during the 2021 bull run where it gulped a couple of zeros from its value to reach the aTH close to $3. Although the prices have slipped back to cents, it appears that the popular layer-2 token is making arrangements to undergo an uninterrupted rally. 

Earlier, the price broke out of the triangle and underwent a 10x and hence, a similar price action is expected at the moment as the token is stuck up within a similar bullish pattern. 

The last week, which closed on a bullish note has propelled the price above the triangle. Regardless of the bearish pressures, the levels have been maintained above the gains, suggesting a significant presence of the bulls. The token seems to have approached the end of the consolidation and, hence, may undergo a massive breakout. The Polygon price had consolidated in a similar triangle just before the 2021 bull run and hence a recurrence of the event could be imminent. 

However, the rebranding from Matic Network to Polygon had a massive impact during the 2021 bull run. Now that Polygon 2.0 is expected to roll out with the token migration from MATIC to POLS (which is already live), an equal impact is expected in the latter part of the year. The Polygon price is expected to sustain above $0.96 until the day closes and achieve a minimum level of $1.5 to $1.7 by the end of the week. 

Hence, this could validate the beginning of a fresh bull run, which may end up marking a new ATH with double-digit figures.