Polygon (MATIC) Breaks $1 After 250 Days, Starts New Uptrend With Bullish Outlook
• Polygon (MATIC) price broke out above $1 for the first time in 250 days after being in a long-term downtrend since its all-time high of $2.90 in December 2021
• MATIC attempted to break out multiple times over the past year but was unsuccessful until now
• Technical analysts have a bullish outlook due to the breakout and suggest MATIC could reach $1.20-$1.50 next
• If MATIC closes below the $0.95 support level, the rally could end with a 30% drop to $0.75
• MATIC appears to be starting a new uptrend according to Elliott Wave analysis, but market conditions can always change