Do you own this alternative currency? Expect volatility

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In this article, we share a recent polygon analysis (MATIC) that was previously shared in our Premium suite. If you are not a member yet or if you still have questions after reading this article, Try our premium membership for free for 30 days.

Technical analysis MATIC price

Polygon, like many other cryptocurrencies, is in an uptrend. A few days ago, Crypto Insiders analysts described that MATIC price will continue to rise towards the blue resistance area.

This increase occurred yesterday, which means that a small correction may follow soon. However, MATIC is likely to be a bit higher first, as analysts recently pointed out at Premium Group:

“The MATIC path is making an AB = CD harmonic pattern, where we are now forming a CD. Since this wave is moving up in a zigzag, we expect it to continue rising towards 100% and 123.6% Fibonacci, or an area between $1.23 and $1.30.

After breaking this area, we expect at least a short correction to the south, but we remain bullish on MATC. We will share the depth of this patch in a new analysis in the Premium environment as soon as possible.”

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