Polygon MATIC Momentum: Pacing For A 58% Price Explosion

Updated: 17 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Currently, MATIC is around $0.6058; on the last day, around 338.94 million MATIC coins were traded. Trading slowed, going down over 6%, and the Price of MATIC went down around 3%. The market cap of MATIC also went down by 2%.

MATIC’s Price dropped more than 12% last week and even more in the past month, about 22%. Many investors and traders think this is an excellent time to buy at a low Price and maybe make money when it goes up again.

Polygon MATIC Stats:

MATIC’s Price – $0.6058
MATIC Market cap – $5.64 Billion
MATIC Circulating supply – 9,319,469,069 MATIC
MATIC Total supply – 10,000,000,000 MATIC
CoinMarketCap ranking – 12

MATIC: Exploring Patterns and Important Zones

Check out the daily chart to get important information. MATIC‘s Price might reach a support point at $0.5900. If it goes there, the Price might go down. But if it stays above that point, it could go up.

Keep an eye on these essential points on the chart: resistance might be around $0.7080 and $0.8230, and support might be around $0.5900 and $0.4950.

In the coming weeks, if the Price stays low for the next 50 to 100 days, it might go down more, maybe reaching $0.5900 or even lower. Currently, the RSI, which tells us how reasonable the price is, is relatively low, around 40. If the RSI goes down, the price of MATIC could go even lower.

Remember that in the long run, there could be a chance the Price of MATIC breaks the R1 resistance level, around $0.7080. If the MATIC price stays higher than the simple moving averages of 50 and 100 days, and the RSI goes above 60, then MATIC’s Price might increase and even break the R2 resistance level, about $0.8230. Using stop-loss orders is a brilliant idea to stay safe and avoid significant losses.

Promising Alternative Polygon (MATIC)

The Wall Street Memes ($WSM) presale is getting close to an impressive $25 million. Investors are interested in this. It’s about to launch and has good rewards for staking, which makes $WSM look like a great chance to make money. With its fun meme style and strong community, $WSM could become prominent in the crypto world.

You can get the Wall Street Memes token for $0.0334 during the presale. But soon, in just 1 day and 15 hours, the price will go up to $0.0337. This new $WSM token isn’t just good for the Wall Street Memes community and has excellent rewards. This is special for the people who like it. When the 29th stage of the presale ends, the token’s value will go up to $0.0337. This is all part of the plan to reach $30 million.

💲25M for Wall Street Memes coin ($WSM) in presale? Astonishing! Soon staking, watch out Wall Street, it's meme time!👊 But, will $WSM be another Doge or Shiba? Who knows? Elon, any thoughts? 💭🐋 #Crypto #WSM #ElonMusk🚀🌕https://t.co/pyDvrxPTRz pic.twitter.com/8fvgcndJ76

— Chain Review (@Chain_Review) August 15, 2023

Traders and investors can buy the $WSM coin using a credit card or trade it for ETH, BNB, or USDT. Soon, when staking is added, people with the tokens will get more rewards. Staking lets you make money without doing much, and this will attract people who want to invest in crypto for a long time. This makes Wall Street Memes even more interesting for people wanting to join the financial world.

Join The Wall Street Memes Contest! Win $50K in $WSM Tokens:

Wall Street Memes is running a contest where five lucky people can win $50,000 worth of $WSM tokens. Just follow the instructions on the Wall Street Memes Linktree page to get your tokens. They only give out all the tokens to their community members, showing how much they care about them.

The Wall Street Memes coin is made to make small investors do better than big ones, like what happened in the 2021 meme stock excitement. In the presale, 50% of all the tokens are for people in the presale, 30% are for rewards for the community, and 10% are for making it easy to buy and sell on different exchanges.

Investors think this project is going to do well for a few reasons. People see a lot of potential in $WSM as a meme coin, and the team knows what they’re doing. Also, the project is viral, and the way the tokens work looks good.