A well-known analyst has a positive forecast for Polygon (MATIC) price by CoinEdition


Popular Analyst Has Positive Prediction For Polygon (MATIC) Price
  • Cryptocurrency analyst Ali recently took to Twitter to share some of his thoughts and predictions on MATIC.
  • The analyst believes that the TD Sequential on the MATIC chart is providing a buy signal.
  • At press time, MATIC price is down 1.36% and hovering around $0.857.

Yesterday, popular cryptocurrency analyst Ali Charts took to Twitter to share interesting insights into the possible path for Polygon (MATIC) price in the near future. According to Ali’s post, the TD sequence on the 3-day MATIC chart has provided a buy signal, indicating a favorable outlook.

MATIC / USD 3D (Source: Twitter)

Moreover, Ali conveyed a sense of optimism, which indicates a possible rise in the price of this digital currency to notable heights. According to his analysis, MATIC is likely to reach $0.94 or even rise to $1.05 in the coming days.

Significantly, the TD Sequential tool holds great importance as it can accurately identify the timing of trend exhaustion or reversal. However, recent data from CoinMarketCap, a prominent cryptocurrency market tracking website, revealed that MATIC, like many other cryptocurrencies, had seen a price drop on the day before trading.

MATIC PRICE (Source: CoinMarketCap)

As of press time, the MATIC Index is down 1.36% in the past 24 hours and is hovering around $0.857, which is close to the daily low of $0.851. Thus, this price drop caused MATIC to weaken against (BTC) and (ETH), the market leaders, by around 0.35% and 0.59%, respectively.

Moreover, this downward movement in MATIC’s price contributed to a further decline in its weekly performance, which declined by 4.35% over the past seven days. In addition, the 24-hour trading volume of MATIC witnessed a decrease of more than 7% over the same period and amounted to approximately $297,366,842.

With a market capitalization of $7,925,842,230, Matic ranks 10th in terms of market capitalization. As a result, he stood behind (SOL) in ninth and ahead of (LTC) in eleventh.

Disclaimer: Opinions and opinions, as well as all information shared in this price analysis, are published in good faith. Readers should do their research and due diligence. Any action taken by the reader is at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss

A well-known analyst published a positive forecast for Polygon (MATIC) price which appeared first in Coin Edition.

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