Key Takeaways
Polygon (MATIC) is experiencing bullish pressure around $0.4. The price prediction for 2024 suggests MATIC could surge toward $1.03. By 2030, the price might reach a maximum of $10.51. With substantial uptake by enterprises and industries, many analysts are closely watching its future valuation. This forecast examines factors such as ecosystem trends, adoption rates, underlying technology, and technical analysis for MATIC from 2024 to 2030.
Overview
- Cryptocurrency: Polygon
- Ticker Symbol: MATIC
- Rank: 12
- Price: $0.419
- Price Change 24H: +2.6%
- Market Cap: $7,240,424,326
- Circulating Supply: 9,899,469,069.28 MATIC
- Trading Volume 24H: $210M
- All Time High: $2.92
- All Time Low: $0.003012
MATIC Price Prediction: Technical Analysis
The current price of MATIC is $0.419. The prediction for the near term is $0.542814 (14.85%). The Fear & Greed Index is at 37 (Fear), indicating a bearish sentiment with 50% green days. The 50-Day SMA is at $0.540766, and the 200-Day SMA is at $0.765613. The 14-Day RSI is at 34.
MATIC Price Analysis 1-Day Chart
MATIC is experiencing bullish momentum around $0.4, with resistance at $0.4269 and support at $0.3405. The daily chart shows MATIC consolidating above $0.4 for a potential recovery, although trading volume has decreased to $17.1 million. The RSI-14 has increased to around 39, indicating rising bullish momentum.
MATIC/USD 4-Hour Price Chart
The 4-hour chart reveals bearish activity around EMA lines with resistance near immediate Fib levels. However, the BoP indicator suggests buying pressure. The MACD trend shows a potential for negative momentum, indicating strengthening selling positions.
MATIC Technical Indicators: Levels And Action
Daily Simple Moving Average (SMA)
| Period | Value | Action |
|---|---|---|
| SMA 3 | $0.49552 | SELL |
| SMA 5 | $0.501488 | SELL |
| SMA 10 | $0.511575 | SELL |
| SMA 21 | $0.52125 | SELL |
| SMA 50 | $0.540766 | SELL |
| SMA 100 | $0.622264 | SELL |
| SMA 200 | $0.765613 | SELL |
Daily Exponential Moving Average (EMA)
| Period | Value | Action |
|---|---|---|
| EMA 3 | $0.51113 | SELL |
| EMA 5 | $0.513392 | SELL |
| EMA 10 | $0.51761 | SELL |
| EMA 21 | $0.524115 | SELL |
| EMA 50 | $0.558399 | SELL |
| EMA 100 | $0.625852 | SELL |
| EMA 200 | $0.700028 | SELL |
What to Expect from MATIC Price Analysis Next?
The hourly chart shows bearish efforts to halt a surge. If MATIC breaks above $0.4269, it may reach resistance at $0.5535. Conversely, failure to surge could lead to a drop below $0.3405, possibly correcting to $0.2663.
Is MATIC A Good Investment?
MATIC has potential as a long-term investment, especially with Polygon’s roadmap for Polygon 2.0 and partnerships with major brands like Starbucks, Adidas, and Disney. These collaborations enhance its adoption and value.
Recent News and Opinions on MATIC
- Polygon has recorded a new ATH in daily active addresses, indicating continuous network adoption.
MATIC Price Prediction August 2024
Despite the Bitcoin halving, MATIC’s price remains below $1. Analysts expect a steady rise with a minimum price of $0.42 and a maximum of $0.67, averaging $0.55 in August.
Ecosystem
Research
News Network
About