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As Polygon investors fantasize of new all-time highs, MATIC draws more cash.
This morning’s polygon price experienced a positive surge as purchasing volume skyrocketed.
MATIC’s price movement has broken over the orange ascending trend line, resuming the uptrend.
With only two technical barriers in the way, fresh all-time highs might be on the way.
This morning, Polygon (MATIC) experienced a substantial increase in purchasing activity as bulls were able to drive price-action back above the orange ascending trend line, which has served as the backbone of a long-term rally. Given that the Relative Strength Index (RSI) is still below 50, bulls have lots of room to drive the MATIC price higher before it becomes overbought. Another reason for investors to wait on their hands and not take gains now is that this rise might reach new all-time highs of $2.90.
The price of MATIC might reach new highs.
MATIC price has recovered off the $1.75 level, which dates back to June 7 and has provided solid resistance and support. On Tuesday, the level served as a launching pad, and the upswing is expected to continue today in the European session. Bulls were able to drive MATIC price action back above the orange ascending trend line, which served as a backbone for the ongoing rally.
