Polygon Hovers At Key Level, Could Trigger Explosive MATIC Price Rally

Since the beginning of 2023, the price of Polygon (MATIC), the leading scaling solution for Ethereum (ETH), has increased by more than 28%. Recently, the Polygon network went through a crucial hard fork, an improvement the community had been looking forward to. The hard fork was implemented in a bid to mitigate the rising gas prices and address chain reorganizations (reorgs) to reduce time to finality.