Polygon Shows Signs of Breakout; Will MATIC Hit $5?
Share:
After months of range-bound trading, Polygon (MATIC) has staged a decisive breakout this week, surging over 30% in the last 7 days. The layer-2 scaling solution for Ethereum has seen building momentum, with analysts predicting MATIC could rally toward fresh all-time highs.
Polygon was trading hands around $1.03 at press time, up from local lows below $0.80 last week. The altcoin has rallied after finally breaking out of a long-term triangle consolidation pattern it has been stuck in since September.
Also read: VeChain New Year Price Prediction: How High Can VET Go?
Crypto analyst Captain Faibik noted MATIC is “finally breaking out of the triangle after long consolidation,” calling on “bulls” to “send it to $5.” Meanwhile, popular analyst Lambo Charts pointed to striking similarities with the coin’s previous massive rally in 2021, which saw gains of over 9,400% at its peak.
$MATIC is finally Breaking out of Triangle after Long Consolidation..
— Captain Faibik (@CryptoFaibik) December 27, 2023
C'mon bulls, Send it to 5$#Crypto #MATIC #Polygon pic.twitter.com/bOEp8FvyDH
Will MATIC hit $5?
Analyst Lambo is targeting a 20x increase from current prices, noting upside potential towards $2, $5, $8, and $20 for Polygon MATIC. A rally to $20 would mark new record highs for MATIC, about 19 times above its current trading price.
Polygon’s previous all-time high came in December 2021 at $2.92, right before broader crypto markets turned south.
Also read: Shiba Inu: Who Owns The Highest Number of SHIB Coins?
According to predictions from the experts at Changelly, Polygon MATIC is unlikely to hit $5 until 2027. The details show that MATIC will touch $5 in December 2027. However, prices can shift unpredictably depending on market conditions.
In This News
Coins
$ 2.92K
-0.24%
$ 0.0106
+0.96%
$ 0.112
+1.52%
$ 0.00...776
-0.59%
Share:
In This News
Coins
$ 2.92K
-0.24%$ 0.0106
+0.96%$ 0.112
+1.52%$ 0.00...776
-0.59%Share:
Read More
Bitwise Makes 10 Stunning Predictions for 2026! Bitcoin and Two Altcoins Particularly Highlighted!
Russia Makes Very Harsh Statements About Bitcoin (BTC) and Altcoins! “Never…”
Polygon Shows Signs of Breakout; Will MATIC Hit $5?
Share:
After months of range-bound trading, Polygon (MATIC) has staged a decisive breakout this week, surging over 30% in the last 7 days. The layer-2 scaling solution for Ethereum has seen building momentum, with analysts predicting MATIC could rally toward fresh all-time highs.
Polygon was trading hands around $1.03 at press time, up from local lows below $0.80 last week. The altcoin has rallied after finally breaking out of a long-term triangle consolidation pattern it has been stuck in since September.
Also read: VeChain New Year Price Prediction: How High Can VET Go?
Crypto analyst Captain Faibik noted MATIC is “finally breaking out of the triangle after long consolidation,” calling on “bulls” to “send it to $5.” Meanwhile, popular analyst Lambo Charts pointed to striking similarities with the coin’s previous massive rally in 2021, which saw gains of over 9,400% at its peak.
$MATIC is finally Breaking out of Triangle after Long Consolidation..
— Captain Faibik (@CryptoFaibik) December 27, 2023
C'mon bulls, Send it to 5$
Will MATIC hit $5?
Analyst Lambo is targeting a 20x increase from current prices, noting upside potential towards $2, $5, $8, and $20 for Polygon MATIC. A rally to $20 would mark new record highs for MATIC, about 19 times above its current trading price.
Polygon’s previous all-time high came in December 2021 at $2.92, right before broader crypto markets turned south.
Also read: Shiba Inu: Who Owns The Highest Number of SHIB Coins?
According to predictions from the experts at Changelly, Polygon MATIC is unlikely to hit $5 until 2027. The details show that MATIC will touch $5 in December 2027. However, prices can shift unpredictably depending on market conditions.
In This News
Coins
$ 2.92K
-0.24%$ 0.0106
+0.96%$ 0.112
+1.52%$ 0.00...776
-0.59%Share:
In This News
Coins
$ 2.92K
-0.24%$ 0.0106
+0.96%$ 0.112
+1.52%$ 0.00...776
-0.59%Share:
Read More
Bitwise Makes 10 Stunning Predictions for 2026! Bitcoin and Two Altcoins Particularly Highlighted!