MATIC, the native cryptocurrency of Layer 2 solution polygon has managed to regain the $1 psychological level amid the current market recovery. Within a week, the coin price surged from $0.92 to $1.067 registering a growth of 16.68%. With the bullish momentum intact, the polygon price is nearing a bullish breakout from the key resistance of $1.09. Should you enter this breakout?
Also Read: Crypto Market Analysis 2/28 As Bitcoin Peaks Near $60,000
Is Polygon Price Ready To Sustain Above $1
Polygon Price| Tradingview
The Polygon coin reverted from its last correction trend in late January when the price rebounded from the $0.71 support. A V-shaped recovery backed by increasing volume projected sustainable growth and surged price by 46% to trade at $1.
In the same period, Polygon Futures Open Interest witnessed a significant increase of 117%, escalating from $202.1 million to $438.68 million. Growth in this metric highlights increasing adoption of the network and interest for market pa
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