Polygon Price Prediction for Today, December 27

Polygon Price Prediction for Today, December 27 – MATIC Technical Analysis

Updated: 27 December 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.

Join Our Telegram channel to stay up to date on breaking news coverage

The Polygon price prediction shows that MATIC is likely to break above the channel as the coin moves to create additional gains.

Polygon Prediction Statistics Data:

Polygon price now – $1.05
Polygon market cap – $10.23 billion
Polygon circulating supply – $9.56 billion
Polygon total supply – $10 billion
Polygon Coinmarketcap ranking – #12

MATIC/USD Market

Key Levels:

Resistance levels: $1.25, $1.30, $1.35

Support levels: $0.85, $0.80, $0.75

Polygon Price Prediction for Today, December 27 – MATIC Technical Analysis — MATICUSD – Daily Chart

MATIC/USD is refreshing to a new high currently trading at $1.01 with a bullish crossover above the 9-day and 21-day moving averages. On the other hand, the bears may likely set in if the market price slides below the moving averages but the bulls may collect more on the price dips.

Polygon Price Prediction: MATIC Price Ready to Push Higher

The Polygon price may continue with the uptrend if the current market movement crosses above the upper boundary of the channel. Currently, the 9-day MA is likely to cross above the 21-day MA which could encourage more buyers to enter the market. However, the Polygon (MATIC) may now cross above the upper boundary of the channel to gain additional bullish movements.

However, if the red line of the 9-day MA crosses above the green line of the 21-day MA, the coin may continue to do well, and the Polygon price could hit the resistance levels at $1.25, $1.30, and $1.35 respectively. In other words, if the coin decides to make a quick turn to the downside, there may be a quick bearish drop which could roll the market back to the critical supports at $0.85, $0.80, and $0.75.

MATIC/BTC Could Break to the Upside

Against Bitcoin, the Polygon price is hovering above the 9-day and 21-day moving averages as the price hovers at 2434 SAT. Meanwhile, the coin may begin to follow the bullish movement if the bulls put in more effort. Moreover, for the fact that the 9-day MA is crossing above the 21-day MA, the market price may remain on the upside.

Moreover, the daily chart reveals that the potential resistance level is located at 2900 SAT and above, but a lower sustainable move may cancel the bullish pattern and attract new sellers coming into the market with the next focus on the support level of 2000 SAT and below.

Polygon Alternatives

The Polygon price is poised to potentially ascend from its current peak of $1.07, with indications suggesting a slight upward movement in the upcoming week. It is anticipated that the Polygon price could surpass the channel, reaching the immediate resistance level at $1.10. Consequently, a favorable market performance may be evident if the 9-day moving average crosses above the 21-day moving average.

However, $BTCMTX, currently nearing $6.3 million in its active presale, demonstrates considerable growth potential owing to its more modest market cap. In contrast, crypto like Polygon (MATIC), with a substantial $10.1 billion market cap, may not present similar growth opportunities due to their already extensive market presence. Therefore, traders should not overlook the distinct advantages offered by $BTCMTX in the ever-evolving cryptocurrency landscape to position themselves for a prosperous future.

New Crypto Mining Platform - Bitcoin Minetrix

Rating