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Recently, the crypto market has experienced a significant shake-up, marked by a substantial $300 million in liquidations as major players like Bitcoin (BTC) and Ethereum (ETH) experienced unexpected downturns. This tumultuous period, spurred by waning ETF momentum, has been the largest daily leveraged long liquidation since August, revealing the high-risk, high-reward nature of crypto investments. 

Amidst this turbulence, investors and enthusiasts are closely watching key players in the market, particularly Polygon (MATIC) and Litecoin (LTC), as they navigate these choppy waters. For an in-depth exploration of Polygon’s future, the Polygon (MATIC) price prediction delves into the potential trajectories of this rising star in the crypto universe.

Polygon (MATIC) Technical Analysis

Polygon (MATIC) has demonstrated remarkable resilience and growth over various time frames. Its performance in the last month alone, with an 83% increase, signals strong bullish momentum. This is further supported by its 24% rise year to date. However, a more moderate increase of just 8% in the last six months suggests some fluctuation in investor confidence.

The 10-day Simple Moving Average (SMA) of $0.94593, positioned above the 100-day SMA of $0.8791, indicates a short-term bullish trend. The pivot point analysis presents immediate resistance at $1.0758. Should MATIC surpass this level, it could target the more ambitious resistance at $1.3131, marking a significant potential upside.

On the downside, key support levels are identified at $0.6012 and more critically at $0.3639. A breakdown below these points could signal a shift to a bearish trend. The current market capitalization of $8.48 billion underscores the significant presence of MATIC in the market.

Polygon (MATIC) Price Forecast 

If MATIC maintains its current trajectory, surpassing the immediate r

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Author: Crypto Daily

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