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- Many altcoins are showing strong bullish signs for parabolic price pumps this bull cycle.
- MATIC could set a new ATH at $3 at the start of altseason during the bull run phase.
- Analyst says a $12 bull market top is a high possibility for this bull cycle.
The price of Bitcoin (BTC) is up over the $60,000 mark again signaling bullish sentiment that is reflected on the Crypto Fear and Greek Index which is at a 39 score. While the market is still in fear sentiment, this is the most positive score in the month of August so far. This, in turn, is fueling the expectation for a parabolic pump ushered by the long-awaited altseason.
MATIC Could Be Top Altcoin to Pump in Bull Run
The highly-anticipated altseason is expected to send many new, popular, and capable altcoins to higher ATHs in the peak of the bull run phase of the ongoing bull cycle. This list of altcoins expected to make new highs includes Ripple’s XRP, JasmyCoin (JASMY), and many others including Polygon (MATIC).
$MATIC (Polygon) starting to deliver with MAJOR STRENGTH here and may be right on time!
— JAVON⚡️MARKS (@JavonTM1) August 21, 2024
The run towards new All Time Highs in a near +450% climb from here can be commencing… https://t.co/i3HVe2Z7NL pic.twitter.com/jMQC22VBnP
As we can see from the post above, one popular crypto analyst believes MATIC could break its previous ATH of $2.92. The analyst says MATIC is delivering major strength here at the right time to make the best of the ongoing bull cycle. He marks how a pump of over 450% could be commencing at the moment and that a 558% climb could take the MATIC price to over $3 this cycle.
MATIC Could Set a New ATH Over $3 This Bull Cycle
Other popular crypto analysts are also keeping an eye on MATIC price. Similar to the analysis above, another reputed crypto analyst expects an ever greater bull market top from MATIC price. This analyst shares his insights in a detailed post.
$MATIC Macro chart
— CryptoBullet (@CryptoBullet1) February 5, 2024
As we can see, #MATIC loves to form huge Symmetrical Triangles. Deja vu
As long as the Support line holds we can expect a breakout 📈
🔨 Key Resistance: $1.25-1.85
🎯 Target 1 – $3 (ATH)
🏁 Bull Market Top Target – $12 pic.twitter.com/RoxKQFwLtK
As we can see from the post above, the analysts marked key signals in MATIC’s price chart that could propel the price of MATIC to a high target between $1 -$3 ATH. He marks a major resistance level between $1.25 – $1.85, and once the earlier target is met, the analyst believes a bull market top of $12 could very much be a possibility for MATIC.