polygon Despite the small 2% decrease in its price during the day, it continues to attract the attention of investors. In particular, recent developments, including the announcement of cdk-erigon for Polygon’s zkEVM on March 29, have increased interest in the crypto asset among market participants.
However, amid the recent volatility in the market, concerns have emerged following the price drop. However, optimism prevails as a prominent crypto analyst predicts a bullish trend for MATIC, citing compelling technical indicators.
MATIC The recent drop in price has caused concern among investors, with some viewing the decline as a short-term bottom. However, amidst this turbulent scenario, a leading crypto market analyst’s bullish forecast has sparked speculation in the market.
Meanwhile, amid the recent decline in Polygon price, analyst Ali Martinez’s optimistic prediction has caught the attention of MATIC enthusiasts. In particular, Martinez highlights TD Sequential, which points to a buying opportunity on MATIC’s daily chart.
The analyst also emphasizes that if MATIC manages to maintain its strength above $0.87, a potential recovery to $0.95 or even $1 is foreseeable. This forecast injected new optimism into the market, strengthening hopes for a revival in MATIC’s price trajectory.
Additionally, Martinez’s analysis underscores the importance of technical indicators in predicting cryptocurrency trends. A popular tool among traders, TD Sequential analyzes price action to identify potential buy or sell signals. By utilizing such indicators, investors can gain insight into market sentiment and make informed decisions regarding MATIC holdings.
Despite the recent price drop, expectations for Polygon are also quite high. Traders are closely watching price movements and technical signals and waiting for confirmation of a potential rise towards the $1 level.
Meanwhile, as of writing, MATIC price was traded at $0.8814, down 1.77%, while trading volume decreased by 2.55% to $270.88 million. Notably, the crypto is down over 22% in the last 30 days, while recording a weekly loss of around 11%. In addition, the Polygon RSI was at 36.73, indicating a bullish situation for the crypto.
