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MATIC Price Prediction - Technical Analysis

source-logo  altcoinbuzz.io 05 January 2022 15:59, UTC

Using Polygon, one can create Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required by the developer. 

Polygon’s core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Its market cap is $16,566,456,138 and its 24 hour trading volume is 1,100,830,956. Let us review MATIC Price.

MATIC Price Prediction

MATIC is likely to revisit the support zone at $2.22 for a retest. If it can stay above this support zone and consolidate, we could soon start seeing a move towards $2.48, $2.64, $2.77 and $2.91. $2.91 is the 0.618 fib extension zone as per the recent lows and highs. If the resistance at $2.91 breaks and flips to support, MATIC could quickly rise towards $3.09, $3.36, $4.02, $5.14 and $6.25. Failure to hold the support at $2.22 could lead to a drop towards $1.84.

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