There are three reasons why Polygon’s MATIC token is aiming for a $300 valuation.

MATIC is presently reaching the pinnacle of the bull pennant pattern, implying an increase of 18,632 percent.
This optimistic view is supported by the RSI and MACD indicators.
On-chain indicators indicate that Polygon’s climb will be rather smooth.
For over four months, MATIC pricing has been in a consolidation period, resulting in a massive bullish pattern. Polygon is approaching a breakout point, and investors should anticipate the cryptocurrency to skyrocket.

The price of MATIC is rising.

Due to the formation of a bullish pennant, the MATIC price has a positive outlook. The flagpole was produced by the 18,650 percent rise that occurred between December 2020 and May 2021, and the “pennant” was created by the continuing consolidation phase that followed.

By measuring the height of the flagpole and adding it to the breakout at $1.543, this continuation pattern predicts an 18,650 percent upswing to $287.

For the bullish view to play out, a three-day candlestick close above $1.543 or the pennant’s upper trend line is required.

While the aforementioned goal is overly optimistic, investors should keep in mind that…