Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
MATIC is likely to continue its uptrend past $1.
The on-chain metrics showed whales continued to accumulate the token.
Polygon [MATIC] saw a transfer of $55 million worth of tokens to the Coinbase exchange. This occurred on the 12th of November and investors and traders alike had reason to anticipate a spike in selling pressure that could drag MATIC prices down.
However, a dip to $0.7719 occurred before this particular event. Instead of a wave of selling, MATIC witnessed a continuation of its previous rally and was trading at $0.89 at press time.
The higher timeframe price chart remained healthily bullish

Source: MATIC/USDT on TradingView

The market structure on the one-day chart was bullish. The weekend’s dip saw prices revisit the $0.77 region, which was highlighted as HTF support. Monday’s trading saw MATIC hurtle northward a

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