According to crypto analyst Ali Martinez, Polygon (MATIC) is poised for major gains amidst a wider correction in the past seven days. Polygon is currently down by 9.2% in the past seven days, but the analyst pointed out that MATIC is printing a textbook buy signal on the daily chart.
In a recent analysis posted on social media platform X, Martinez noted that the TD Sequential technical analysis presents a buy signal in a potential price reversal.
Crypto Analyst Spots Buy Signal for MATIC
Martinez is known for his concise future outlooks regarding popular cryptocurrencies, especially Bitcoin, Ethereum, Solana, and Dogecoin. However, he has now made a rare prediction regarding Polygon (MATIC).
At the time of writing, MATIC has mostly traded below the $1 mark since March 29. But according to the analyst, recent price action indicates this is poised to change very soon. According to the 1D chart shared on social media, MATIC seems to have formed major support at $0.8733 an
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