While the rest of the cryptocurrency market has come under strong selling pressure, Polygon’s native cryptocurrency MATIC is up by 10% shooting past the $1 level. At press time, it is trading 8.5% up at a price of $0.99 overtaking Tron (TRX) for the 12th position. Amid the recent price rally, Polygon (MATIC) also extends its weekly gains to more than 30%.
Polygon Price Rally to Continue
On the technical chart, the MATIc price has given a strong breakout above $1. If it sustains at the current level, MATIC can gear up for another 70% rally going ahead.
In the latest analysis by renowned cryptocurrency analyst Ali Martinez highlights that the Polygon ($MATIC) price is breaking out from a symmetrical triangle pattern. According to Martinez, if Polygon manages to achieve a sustained weekly candlestick close above the $0.96 mark, it could pave the way for a significant upward move, potentially propelling $MATIC towards the $1.73 price level. This analysis suggests an optimistic outlook fo
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