Polygon [MATIC]: A 15% potential rally is likely if this support is secured

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion MATIC was bullish on the 12-hour chart. Holders saw profits, and extra gains could be likely if a key support level is secured. Polygon [MATIC] offered investors more gains into the weekend. It broke […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionHolders saw profits, and extra gains could be likely if a key support level is secured.

The above target was flipped into an immediate support level. If the $1.1252 support level proves steady in the next few days, MATIC could target its November high of $1.300 – a potential 15% rally.The Relative Strength Index on the 12-hour chart was 66, indicating a bullish MATIC. Therefore, the above bullish bias could be likely in the next few days.

In addition, long-term holders saw profits, especially after Thursday’s bullish break out of the price consolidation range. The above position is based on the rising 90-MVRV .

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