Renowned cryptocurrency analyst Ali Charts recently shared insightful observations on the potential trajectory of Polygon’s (MATIC) price shortly via Twitter. Ali’s post highlighted that the TD Sequential on MATIC’s 3-day chart had presented a buy signal, indicating a positive outlook.
Moreover, Ali exuded a buoyant outlook, hinting at a possible upswing in the value of this alternative cryptocurrency to unprecedented levels. Based on his astute evaluation, MATIC can ascend to as much as $0.94 or even skyrocket to $1.05 in the coming days.
The TD Sequential tool is crucial in identifying the optimal timing for trend exhaustion or reversal, and its accuracy is unparalleled in the market. Nevertheless, according to the latest data from CoinMarketCap, a reputable cryptocurrency market tracking website, MATIC, and several other digital currencies underwent a price decline during the previous trading day.
As of the latest update, MATIC experienced a slight dip of 1.36% within the last 24 hours, settling at a current price of $0.857. This figure is near its daily low of $0.851. As a result, MATIC’s value weakened against the market leaders, Bitcoin (BTC) and Ethereum (ETH), by approximately 0.35% and 0.59%, respectively.
Furthermore, the recent dip in MATIC’s value ripple effect on its weekly performance resulted in a 4.35% decrease over the past seven days. In tandem, the 24-hour trading volume for MATIC has also experienced a decline of over 7%, with a current standing of approximately $297,366,842.
MATIC, boasting a market capitalization of $7,925,842,230, secured a commendable 10th position. Right behind Solana (SOL) in 9th place and ahead of Litecoin (LTC) at the 11th spot, MATIC’s impressive performance is a testament to its growing popularity and investor confidence.
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.
