MATIC Breaks Out of Trading Range, Meme Kombat Gains Traction in Altcoin Market
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Polygon's native token MATIC has lagged behind other top altcoins in recent returns, but shows promising technical behavior signaling a potential breakout.
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MATIC has broken out of a trading range between $0.50-$0.60, now finding support around $0.75 after hitting resistance at $1.00.
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Traders are watching key support/resistance levels at $0.75, $1.00, and $1.25 to inform possible swing trade opportunities.
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A new meme coin gaming project called Meme Kombat is gaining traction, attracting $2.6 million in its ICO so far.
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Meme Kombat allows betting on AI-powered meme battles, with staking rewards up to 317% APY to promote engagement.