{"id":135532,"date":"2024-08-14T15:45:18","date_gmt":"2024-08-14T12:45:18","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135532"},"modified":"2024-08-14T14:53:58","modified_gmt":"2024-08-14T11:53:58","slug":"polygon-matic-set-for-potential-surge-if-key-level-holds-say-analysts","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/polygon-matic-set-for-potential-surge-if-key-level-holds-say-analysts\/","title":{"rendered":"Polygon (MATIC) Set for Potential Surge if Key Level Holds, Say Analysts"},"content":{"rendered":"<p>Meanwhile, his colleague Ali Martinez is focusing on one altcoin he believes could make significant gains if certain conditions are met.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">If altcoin season kicks off, <a href=\"https:\/\/twitter.com\/hashtag\/Polygon?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Polygon<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$MATIC<\/a> will melt faces! But don\u2019t go ape yet, as a weekly close below $0.30 would invalidate the bullish thesis. <a href=\"https:\/\/t.co\/bf98oGQsuS\" rel=\"nofollow\">pic.twitter.com\/bf98oGQsuS<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1823323499592663457?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 13, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Martinez is particularly optimistic about Polygon (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/polygon\/\">MATIC<\/a><\/strong>), stating that if the altcoin season begins as anticipated by van de Poppe, Polygon could experience substantial growth.<\/p>\n<p>Martinez has emphasized that for this to happen, Polygon must close the week above $0.30. Falling short of this threshold could negate the bullish outlook. According to Martinez, meeting this condition could see Polygon reaching $50 by late 2025.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-135490\" href=\"https:\/\/cryptodnes.bg\/en\/cardano-faces-growth-challenges-as-user-base-remains-flat\/\" title=\"Cardano Faces Growth Challenges as User Base Remains Flat\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/cardano-7-4-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Cardano Faces Growth Challenges as User Base Remains Flat<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Another analyst, Cryptorphic, shares a positive view on Polygon, though with a slightly more cautious approach. Cryptorphic predicts a potential surge of over 600% following Polygon\u2019s recent bounce off a key support level.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">MATIC hit the lower support level as expected. Since our previous update, MATIC has dropped 30% and is currently within the support range of $0.316 to $0.387.<\/p>\n<p>MATIC must hold this support because if it fails and breaks down, things could turn out poorly.<\/p>\n<p>Key Observations\u2026 <a href=\"https:\/\/t.co\/oxNa3kZlAk\" rel=\"nofollow\">pic.twitter.com\/oxNa3kZlAk<\/a><\/p>\n<p>\u2014 Cryptorphic (@Cryptorphic1) <a href=\"https:\/\/twitter.com\/Cryptorphic1\/status\/1822853968248340600?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 12, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, he also warns of potential setbacks if MATIC fails to hold its critical support range between $0.316 and $0.387. In such a scenario, the resistance could rise to $0.9860, with a long-term target of $2.923.<\/p>\n<p>Currently, Polygon is trading at $0.42, reflecting a 1.7% increase in the past 24 hours and a 3.7% gain over the last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After reshuffling his altcoin investments, cryptocurrency analyst Micha\u00ebl van de Poppe has highlighted several assets with strong potential returns.<\/p>\n","protected":false},"author":3,"featured_media":106317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"coin_category":[],"class_list":["post-135532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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