Analyst Predicts Polygon Could Soar 2,400% as Ethereum Scaling Gains Momentum

A renowned crypto expert believes Polygon (MATIC) could see a massive 2,400% price surge based on a multi-year chart pattern.

Ali Martinez points out that MATIC has formed a descending triangle since 2021, with lower highs converging toward a key horizontal support at $0.285.

According to Martinez, a close above the descending resistance line at $0.69 could open the door for a significant rally, potentially aiming for a target of $12.

At the time of his analysis, MATIC was trading around $0.453, nearly 5% lower over the previous 24 hours.

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Turning his attention to Bitcoin (BTC), Martinez notes a spike in the taker buy/sell ratio on the derivatives exchange OKX, indicating a rise in aggressive buying that could suggest upward momentum.

However, he cautions that Bitcoin must overcome heavy resistance in the range of $95,090 to $99,800, where 2.4 million wallets have previously acquired more than 2.28 million BTC.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.