Polygon Shows Signs of Breakout; Will MATIC Hit $5?
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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 $5 in December 2027. However, prices can shift unpredictably depending on market conditions.
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$ 2.95K
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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
$ 2.95K
-4.42%$ 0.0106
-5.97%$ 0.110
-7.08%$ 0.00...783
-3.55%Share:
In This News
Coins
$ 2.95K
-4.42%$ 0.0106
-5.97%$ 0.110
-7.08%$ 0.00...783
-3.55%Share:
Read More
ZCash traders, patience may pay off – But only after THIS move