Polygon has seen some sharp uptrend during the past day and has now broken above $0.85. Here’s why this break could pave the way for a further rally.
Polygon Has Risen By More Than 6% During The Past 24 Hours
After topping above the $0.94 mark earlier in the month, MATIC had gone on to register some significant drawdowns. In the last few days, though, the asset appears to have hit a bottom around the $0.75 level, as it hasn’t gone below the mark yet.
Something that could add further evidence for this is the fact that bullish momentum has returned for Polygon in the past day, as its price has shot up over 6%.
The below chart shows how the cryptocurrency has performed during the past month:
With this sharp surge, the cryptocurrency has recovered back above the $0.85 mark. This break could turn out to be significant for Polygon if on-chain data is anything to refer to.
MATIC Has Broken Past A Major Resistance Zone With The Latest Surge
In a post on X, analyst Ali discussed about how
We współpracy z: https://www.newsbtc.com/matic/analyst-explains-polygon-touch-new-highs/
