Crypto Analyst Sets Target For MATIC! Is Ascension Income?

World-renowned cryptocurrency one of the phenomena, Altcoin Sherpa, Polygon (MATIC) He shared his analysis on Twitter with 180 thousand followers.

Fenomen stated that he received many questions about MATIC and first commented on the current state of the Polygon network. Sherpa believes it is possible to continue the rise in MATIC despite a 300% rise from the summer low.

“There are many fundamental conditions for MATIC to rise further. Polygon developers continue to work hard. The blockchain network continues to forge partnerships with big names. The profits of the network are spent on ecosystem improvements.”

Although altcoin Sherpa gave an initial target of $1.70 and then $2 in his MATIC analysis, the crypto market fell today. Fenomen updated its technical analysis during the day.

The crypto phenomenon shared with his followers that MATIC has returned from 0.5 Fibonacci support, adding the following note:

“Polygon is a robust blockchain network. I expect a recovery unless there is a ridiculous drop in Bitcoin. The $1.07 Fibonacci support seems to have been effective.”

After that, a sharp drop came in the market and MATIC dropped to $0.90. However, in the medium and long term, the analyst is still warm to the upside potential of MATIC.

Confident in MATIC’s performance, experts think that MATIC will be one of the fastest recovering altcoins as the market recovers.

Surprising Survey For MATIC Price

Altcoin Sherpa and many other phenomena were bullish on MATIC, while the price survey on CoinMarketCap confused them. According to the poll of more than 3,000 crypto investors, MATIC will close November at $0.90.

While discussions continue about what the price of MATIC, the main token of the Polygon network, will be, the usage areas of the project continue to increase. Meta, Instagram planned on NFT will use Polygon infrastructure for its services.