The crypto money industry was turned upside down with the decline of the leading cryptocurrency Bitcoin (BTC), which started at $ 69,000 and could not recover.
This sharp decline in the price of Bitcoin upset the whole market, and the total value of the industry, which was close to 3 trillion dollars, decreased to 2.3 trillion dollars.
BTC has actually bounced off the $44,000 support for the time being, and is now consolidating. The struggle of the Bitcoin price at $ 47,000 does not affect an altcoin at all.
Close to Record for MATIC
On May 18, while the entire crypto money industry experienced a sharp decline, it started to rise. Polygon (MATIC), He seems to be repeating what he did 7 months ago.
MATIC is only 20% behind its record price of $2.62 and seems to have closed the gap by 15% compared to 1 week ago. MATIC currently remains above $2 and has gained 31% in 30 days.
MATIC, which rose to $2.57 on December 8, lost value from that point to here, but it still seems to have a bullish chance for MATIC. $2.43 is a critical resistance point and it is very important for MATIC price to exceed it. While the MACD is currently signaling an upward move in the short term, the RSI has given similar good news by breaking above the 50 level.
If MATIC can break above $2.43 in the short term, the $3.25 and $3.96 targets could be tested further. This will be a new record for MATIC.