Polygon Price Prediction: Will MATIC Keep Falling?

Updated: 16 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.

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

MATIC’s Price dropped significantly over 10% last week; over the past month, it fell even more, around 20%. Many investors and traders see this as a chance to buy at a low price and potentially earn a good profit when it goes up again.

Currently, Polygon is priced at about $0.6218, and around 338.54 million MATIC coins were traded in the last 24 hours. Trading activity has increased by more than 70% during this time, while the Price of MATIC has decreased by around 7%.

Polygon MATIC Statistics:

MATIC’s Price – $0.6218
MATIC Market cap – $5.80 Billion
MATIC Circulating supply – 9,319,469,069 MATIC
MATIC Total supply – 10,000,000,000 MATIC
CoinMarketCap ranking – 11

Polygon Price Prediction: Will MATIC Keep Falling? — Source: Coinmarketcap

Analyzing MATIC: Unearthing Patterns and Critical Zones

Take a look at the daily chart to find essential information. MATIC’s Price could reach a support level of $0.5932. If it does, the Price might drop a lot. But even if it stays above that level, there’s potential for it to rise.

Attention to these critical levels on the chart: there could be resistance around $0.7107 and $0.8282, while support might be near $0.5932 and $0.4893.

In the coming days, if the Price remains low for the next 50 and 100 days, it might decrease more, possibly reaching $0.5932 or even lower. Currently, the RSI, which measures price strength, is relatively low at around 40. If the Price keeps dropping, the RSI could go even lower.

However, if the Price exceeds those typical points and the RSI increases, MATIC’s Price could also increase. Using stop-loss orders is a wise strategy to stay safe and prevent significant losses

Promising Alternative Polygon (MATIC)

PIKA’s journey is in its phase 3 presale, where you can buy the coin for only $0.0006. Pikamoon’s presale began in March 2023, and this is the final phase. While we’re looking forward to seeing PIKA on regular exchanges, it’s essential to know that not everything is sure in the crypto world and that potential profits can vary.

PIKA in Pikaverse: Ride the Meme Coin Wave for Profits

Recently, the crypto markets have been a bit uncertain. Pikamoon Coin might be a great project to get involved with since meme coins are prevalent right now. This project’s team is highly enthusiastic!

The Pikaverse uses Pika as its currency, similar to Pokémon. Play the game and buy unique things with PIKA. Currently, only 40% of PIKA coins are being sold.

When PIKA first started, it only cost $0.0002. Then it went up to $0.0004, now at $0.0006. The early pre-sale already raised around $3.9 million, and they want to reach $6 million. PIKA could launch for $0.0007 on crypto exchanges. PIKA might make you 5x to 10x more money if you get it when it’s cheaper.