Analysis: MATIC’s Consolidation Phase Signals Impending Price Surge

Author : Andrew Stauss | Published On : 07 May 2024

Key support at $0.75 and resistance at $0.82 play crucial roles in determining MATIC’s price trajectory. The lower boundary at $0.75 acts as a significant support level, while the upper boundary at $0.82 poses immediate resistance. Breaking through this range could signal a shift in momentum.

Analysts expect MATIC’s price to rise towards $0.95 to $1.20, reflecting optimism for the cryptocurrency’s future. Currently priced at $0.737603 with a 24-hour trade volume of $281,235,794, MATIC’s slight uptick of 0.92% encourages investors to anticipate a clear breakout in the coming weeks.