Polygon (MATIC) Price Breaks Out, Testing Major Resistance at $1 as Analysts Predict Potential 30% Swing
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Polygon's (MATIC) price broke out above a long-term descending resistance level that had been in place since its 2021 all-time high
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MATIC reached the top of a long-standing horizontal price range; analysts predict it may break out or get rejected at this level
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Some analysts forecast MATIC reaching $2 or even $3 based on technical analysis like cup and handle patterns
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The weekly and 3-day RSI indicators suggest bullish momentum that could support a breakout
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If MATIC gets rejected at the range top around $1, the price could drop 30% back to the mid-range level around $0.70