Esteemed cryptocurrency trader and analyst KALEO recently took to Twitter to share his insights on the potential price movement of Polygon (MATIC) shortly. In his post, KALEO revealed that he had initiated a swift scalp long on the MATIC/BTC pair.
According to the analyst’s assessment, the pair is poised for a squeeze before retesting the HTF breakdown level. Additionally, the trader has shared insights on the USD chart, predicting a potential return to range highs of approximately $1.25. These expert opinions offer valuable insights for investors seeking to make informed decisions in the market.
According to CoinMarketCap, MATIC is among the cryptocurrencies that have experienced a positive trend today. The current trading price for MATIC stands at $1.14, reflecting a 1.65% increase in value over the past 24 hours. During this period, MATIC reached a high of $1.16 and a low of $1.11. However, the weekly performance of this altcoin leaves room for improvement, as it has declined by over $5 in the last seven days.
MATIC’s trading volume has dropped, currently in the red zone at $409,717,723, marking a decline of over 26% since yesterday. Despite this, MATIC’s market capitalization remains impressive at $9,951,362,975, securing its position as the 9th largest cryptocurrency.
The altcoin has secured the 9th spot on the list of the largest cryptocurrencies, trailing only behind the popular Dogecoin (DOGE) at 8th place. It has surpassed Solana (SOL), currently holding the 10th position.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
