Despite facing challenges over the past year, Polygon (MATIC) showcases the potential to turn the tides and embark on the road of gains.
The established support levels on higher time frames have demonstrated resilience, and liquidity has been successfully acquired. Anticipating a potential upward movement, it is noteworthy that MATIC has exhibited a relative underperformance.
The forthcoming rally is projected to target the range of $1.25 to $1.50, according to a post on X from cryptocurrency expert Michael van de Poppe on January 28.
“I’m expecting another upwards push, although $MATIC has also been underperforming. Next rally could be to $1.25-1.50 region.”
Support and resistance points for MATIC. Source: Michael van de Poppe
Fundamental and technical indicators
In the recent time frame, Polygon is printing an interesting pattern and showcasing characteristics that spell out sound technical and fundamental performance.
Notable among these are a prolonged downward movement
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