- The breaking of the descending trendline by Polygon indicates possible upon growth.
- Tracking a surge to $1.40 represents a 60% gain.
- Traders should keep an eye on $0.70 stretching toward future price action.
While Polygon (MATIC) has attracted an audience among both crypto nerds and traders alike for breaking through a crucial descending trendline on its chart on March 26, 2025, the cryptocurrency has already become a topic of discussion in the realms of its potential upside. Some projections indicate it could climb by 60% in a few weeks. This moment marks a critical juncture for the asset ever since the discussions started about its strong fundamentals and very compelling technical setup.
$Pol #Pol Polygon Blockchain Is Very Strong, And Team Is Very Active, I Think It's Still Undervalued, And I Believe It Can Give Massive Returns In Coming Weeks After Breaking Descending Trendline. pic.twitter.com/j1l3BRZxeu
— World Of Charts (@WorldOfCharts1) March 26, 2025
The chart outlines a formidable descending trendline that Polygon had been respecting over several months. Since then, MATIC had been on a downward trend dating to late 2022, gradually making its way below the $1.50 levels. However, recent price action seems to indicate that there is a change of fortunes in the makings; in that, this March 26 saw MATIC bust up into that descending trend line, showing a possible reversal of the trends. The breakout means that the market could look into some sentiment change now that Polygon exhibits very strong technologies and ongoing developments in its ecosystem.
The Breakout And What It Means For Future Price
The breakout from the descending trendline is one of the more significant happenings for MATIC. Traders and analysts are watching this move closely, as these breakouts can foreshadow a possible rally. Price actions indicate that MATIC is now challenging new resistance areas around $0.70. The measured move from this breakout indicates that MATIC could shoot up to $1.40 on the condition that this momentum continues. That would mean a tremendous gain of 60% from the current price.
The prospects remain on the chart for the price to hit the $1.40 mark. That mark is a key resistance that, once sustained, could signal the next phase for Polygon. With an above-$1.40 close, MATIC could witness further rallying, with some analysts even predicting retesting of its previous highs. On the contrary, the break would be considered as having failed if MATIC withstands under the $0.70 resistance; thus, it falls back in the grip of bear trends.
What This Means For Traders And Investors
This breakout, for traders, is now an excellent opportunity for 2 or 3 days of price movements, however long that runs. From the current level to a projected target of $1.40 implies the token has a massive upside from current entry levels. Traders might place stop-loss orders just below the $0.70 level after the clear breakout of that trendline to reduce their risk while aiming toward the $1.40 resistance zone.