Get started

Matic

$MATIC: A Hidden Gem in the Ethereum Ecosystem?🔹 MATIC: A Hidden Gem in the Ethereum Ecosystem? 🔹 📊 Price Overview Polygon SEED_DONKEYDAN_MARKET_CAP:MATIC is trading at $0.51, resting on a critical support level of $0.50. Despite a -0.68% dip in the last 24 hours, this support level has held firm, hinting at potential resilience and undervaluation. MATIC’s price action over the past 9 months has been relatively flat, but many analysts and investors are pointing to the potential for a significant breakout in the near future. 🔑 Key Catalysts for Growth 1️⃣ zkEVM Rollups: A Scalability Breakthrough Polygon’s zkEVM technology is at the forefront of Ethereum scaling solutions, combining zero-knowledge proofs (zk-proofs) with full Ethereum Virtual Machine (EVM) compatibility. Cost Efficiency: zkEVM reduces transaction costs by up to 90% compared to Ethereum’s mainnet, with fees as low as $0.000084. Speed: Transactions achieve finality within 2-3 seconds, making it one of the fastest Layer 2 solutions available. Developer-Friendly: zkEVM supports seamless integration of existing Ethereum tools and contracts, fostering rapid adoption. 2️⃣ Enterprise Adoption $Polygon has gained traction as a preferred blockchain for DeFi, NFTs, and Web3 applications. Increasing partnerships and integrations with major enterprises signal strong institutional interest in Polygon’s ecosystem. 3️⃣ Technical Setup: Signs of a Potential Breakout SEED_DONKEYDAN_MARKET_CAP:MATIC is currently trading within a descending channel pattern on the 4-hour chart. Key levels to watch include: Support: $0.4471 (strong base). Resistance/Breakout Targets: $0.5432, $0.5815, and $0.6200. A breakout above these levels could signal renewed bullish momentum, potentially setting the stage for a significant rally. 📉 Challenges to Consider Flat Performance: Over the last 9 months, MATIC has seen limited price action, frustrating some investors. However, periods of consolidation often precede significant moves. Adoption Hurdles: While zkEVM technology is promising, widespread adoption among developers and enterprises is crucial for its success. 🌟 Future Projections: Where Could MATIC Go? 1️⃣ Optimistic Projections Analysts foresee MATIC reaching $5.50 - $7.50 by the end of 2025, driven by zkEVM adoption, growing enterprise interest, and broader crypto market recovery. 2️⃣ Conservative Estimates Based on current market conditions and technical analysis, more cautious projections place MATIC’s price between $0.59 and $0.89 in the short to medium term. 💡 Polygon zkEVM: The Ethereum “Holy Grail”? Polygon’s zkEVM is being hailed as a potential game-changer for Ethereum scaling, with its ability to combine security, speed, and cost-efficiency in one solution. As adoption increases, zkEVM could position Polygon as a dominant player in the Layer 2 ecosystem. 💬 What’s your take? Will MATIC hit $4+ this year, or will it take longer for zkEVM adoption to translate into price movement?
COINBASE:MATICUSDLong
by DCAChampion
1
TradeCityPro | MATIC(POL) Fresh Look at MATIC During Christmas👋 Welcome to TradeCityPro Channel! Let’s analyze POL, formerly known as MATIC, due to your frequent requests. 😊 🌐 Overview Bitcoin Before starting, let’s take a look at Bitcoin. In the 1-hour timeframe, it is currently fluctuating below the 98807 resistance. This resistance has been tested multiple times, indicating a high probability of breaking through. It seems likely that Bitcoin dominance will increase along with this potential upward movement. Therefore, it might be better to either Open a position on Bitcoin itself, Look for altcoins that show a bullish trend against Bitcoin and take triggers to open positions, Just make sure to watch out for Bitcoin’s low volume. 📅 Weekly Timeframe MATIC, which once ranked well in the market, is now underperforming. The repeated blockchain hacks have caused significant damage to its ecosystem, leading to the rebranding from MATIC to POL. MATIC could have remained among the top 10 coins, but poor project management caused DeFi activities and TVL to shift to platforms like Solana, SUI, and Base. Personally, I wouldn’t consider buying MATIC unless its DeFi ecosystem becomes active again. For those interested in purchasing, buying above 0.7629 could be an option, but only if the volume increases for both the coin and its chain. If you have been holding MATIC for some time, I suggest selling below 0.3636 in the weekly timeframe. On lower timeframes, I can suggest other exit points. Alternatively, you can use DeFi platforms to create USDT liquidity using borrow & lend mechanisms. Note that MATIC faked the 0.3636 support and rebounded with a bullish engulfing candle, creating a new upward move. Personally, I might become interested in this coin after 1.2457. 🌞 Daily Timeframe After bouncing from 0.2922, MATIC had a solid upward movement. However, most coins experienced similar trends, so it cannot be said that MATIC outperformed. If the price doesn’t drop below 0.4738, it can be considered a sign of gradual recovery. This level is significant both from a Dow Theory and Fibonacci perspective. If 0.5794 resistance isn’t broken and the price gets rejected, there is a high probability of losing the 0.4738 support. I recommend selling your holdings if the 0.4738 level breaks and you have purchased at higher levels. However, if your entry was at 0.3623 or lower, you can continue holding and exit risk-free. ⏰ 4-Hour Timeframe MATIC is currently stuck below the 0.5316 resistance and fluctuates within the range of 0.4654 to 0.5316. 📈 Long Position Trigger I would personally avoid this coin due to its low volume. However, after breaking 0.5316, you can open a risky long position if you’re comfortable with the risk. I’d still prefer to long Bitcoin instead. 📉 Short Position Trigger given the weak condition of this coin, you can consider opening a short position below 0.4654. Keep in mind that your short trades should have quick profit-taking and small stop-losses to exit the market efficiently. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
COINBASE:MATICUSD
by tradecitypro
21
pol pol usdt daily analyses time frame daily risk rewards ratio > 5 ( incredibly ) look at the chart this analyse is base on price action and support and resistance pol has 2 resistance boxes above its price the weak one ( red ) and the strong one (blue) pol broke the weak resistance and price came down little and moved up and broke again. now it pass the first box and will move to strong one. if pol can break second resistance ( blue ) we will reach our valuable target and 500% benefit it is not out of reach
Long
by Habib-Tafazoli
3
MATIC looks tired MATIC looks tired. - Distinct Wave 5 could be ending - Overbought Stoch RSI 8h - Broken down from long-term ascending parallel channel Decreased Network Activity: Despite an increase in active addresses, MATIC's price has declined, indicating that heightened network activity isn't translating into price support. Increased Selling Pressure: A rise in open interest indicates that traders are increasing exposure to MATIC, but if this is driven by short positions, it could lead to increased selling pressure and a subsequent price decline. A good strategy is repetitive, and even boring. Keep it simple and efficient.
COINBASE:MATICUSDShort
by JC7USA
2
Polygon (POL) AKA "MATIC" - Long Key LevelsPolygon (POL) or "MATIC" has experienced a strong rally recently, climbing from its monthly low of $0.40 to its current price of $0.70. This implosive move has brought the bulls to push POL to a critical descending trendline resistance level that the bears have held in a long-term downtrend since 2022. The key level to watch is the $0.76 mark, where the neckline and trend line meet with previous resistance zones. A breakout above $0.76 could potentially surge POL to it's 1st target which is around a resistance level of: $0.89. If momentum continues, then price action will retest between: $1.23 - $1.48 representing a potential upside of +100% from the breakout at this current point
CRYPTO:MATICUSDLong
by Bitcoin_Benny
Hypothetical inverse head&shoulders pattern will materialize…. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
3
Hypothetical inverse head&shoulders pattern will materialize…-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
Polygon (POL ex-MATIC) gets increased accumulation: $1 soon?The Polygon token has reclaimed its position in the top 30 cryptocurrencies with a weekly price surge of ~50%. With this, this Ethereum-based Layer-2 altcoin is regaining momentum and preparing itself to achieve a multi-year high this bull run. We at CoinPedia have created an in-depth Polygon price analysis and possible short-term price targets. After recording a new yearly low, the Polygon price has experienced a strong bullish reversal. This has resulted in this altcoin reclaiming an 8-month high. Moreover, the altcoin is on the verge of possibly breaching the resistance level of the channel pattern, highlighting increased bullish sentiment. Moreover, with a surge of 143.36% during November, this altcoin has breached its resistance trendline of the descending channel pattern and has further formed an ascending channel pattern. Notably, this altcoin continues trading within it with a constant bullish price action. The Moving Average Convergence Divergence (MACD) displays a constant green histogram in the 1D time frame. Moreover, with its averages recording a constant uptrend, the Polygon price may continue gaining momentum this week. Maintaining the price above its support level of $0.690 could set the stage for this altcoin to prepare to retest its resistance level of $0.890. Furthermore, if the bullish momentum sustains at that point, this could result in it retesting its target price of $1. Conversely, if the crypto market experiences an increase in liquidations, the POL coin price could retest its support level. Furthermore, if the bears dominate the crypto space, the MATIC price could retest its low of $0.50.
MLong
by paul_endeo
Alikze »» RAY | Failure of the supply areaIn the weekly time, after a complex correction in the limit of 0.13, after the bottoming, it left the density and broke the first supply zone with a kinetic wave, and completed the supply zone with a three-wave pullback correction, and now it can Continue another kinetic wave to the specified areas. ⚠️If the green box area is lost, the transaction can be reversed. Therefore, be sure to pay attention to this point. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
4
Will #MATICUSDT Bounce Back or Dive Further? Key Levels to WatchYello, Paradisers! Is #MATICUSDT gearing up for a breakout, or are we staring at another downward spiral? Let's take a look at the #Polygon's latest analysis: 💎Currently, #MATIC is holding steady within a key support range of $0.337-$0.355, a zone that has proven resilient against downward pressure in the past. This is a positive sign, but #Polygon needs to maintain momentum here to validate any hopes of a bullish continuation. Only then can we anticipate a potential breakout from the descending channel. 💎For #MATIC to truly signal strength, it must decisively break above the internal resistance at $0.439. This level is the gateway to bullish momentum. A clear breakout would likely be accompanied by strong, engulfing candles and sustained volume—hallmarks of genuine market conviction. 💎The risk of losing steam is real. Should #Polygon fail to break through $0.439, sellers could seize the upper hand. In this case, the $0.337-$0.355 support zone becomes even more crucial. If this support holds, we might see renewed buying interest and a potential rebound. 💎However, a break below $0.337 would likely send #MATIC tumbling toward the $0.287 demand level. Should it also lose this level, we could be facing a deeper downtrend—marking a pivotal moment for #MATICUSDT’s trajectory. Don’t let FOMO get the best of you; wait for clear confirmations before making your move. MyCryptoParadise iFeel the success🌴
MLong
by MyCryptoParadise_Simon
5