Although the growth rate of most assets in the cryptocurrency space has started to slow down compared to the previous week, Polygon (MATIC) continues to perform well, breaking the $1 barrier and recording significant gains on all charts, showing signs of continuation. It will rise above $1.70. .
Polygon’s cryptocurrency appears to be on the verge of breaking out of a symmetrical triangle, according to chart model observations shared by leading crypto market analyst Ali Martinez on XPost on December 26.
Additionally, according to Polygon’s analysis of the price action chart, the crypto trading expert pointed out that “MATIC could move towards $1.73 if the weekly candlesticks above $0.96 continue.”
In addition, Martínez had previously noted a significant increase in whale activity on the MATIC network, indicating generally positive price changes, explaining: “It is also worth noting that the company may be on the verge of a major price move.” Polygon, on the other hand, is still trading below $1.
Polygon Price Analysis
Meanwhile, MATIC was trading at $1,045 at the time of writing. This represents an increase of 17.97% in the last 24 hours, 34.37% in the last 7 days, and 40.57% on the monthly chart.
Overall, the price of Polygon’s crypto asset looks set to rise above $1.70 as it shows resilience in the face of challenges and breaks out of its “yearly loss” price position. However, Martinez’s prediction is expected to be finally confirmed this week.
