Polygon (MATIC) has been on the lower performance end when compared to other cryptocurrencies in the space. However, this muted performance could be a precursor to a bullish momentum outside of the general market recovery, something that has become a norm for the MATIC price. Crypto analyst Ali Martinez has identified Polygon’s potential in this aspect, expecting the price to rise as high as $1.82 once a major level is breached.
Polygon Gearing Up For Bullish Breakout
Crypto analyst Ali Martinez points out that the Polygon price is looking toward breaking a significant resistance. Mainly, such a breakout would be the catalyst for the expected price surge which could trigger a 100% price increase.
As the analyst explains, the trigger for this would be a daily or weekly candlestick close above the $0.96 level. To put the importance of this price level in perspective, the last time that the price was this high was back in May, which means that MATIC effectively has to clear a 7-month high to kickstart such a rally.
According to Martinez, breaking this level is important for MATIC as it could trigger a surge. After the $0.96 breach, there are two targets outlined by the analyst as possible endpoints. The first is the $1.25 level, while the peak is placed at $1.82.
Keep your eyes on #Polygon! A daily or weekly candlestick close above $0.96 could be the spark for a bullish $MATIC breakout.
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Author: Scott Matherson
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