Strong healthy uptrend from the start, no parabolic movement since May 14.
MATIC is finding support around $2.00, we may not have many more opportunities for an entry price below that level of support before the next upward movement.
The chart indicates that short-term downward movement may be likely to continue, providing investors a more ideal entry point before new ATH is possible.
The price action of 10x is unlikely because it would require MATIC to have a market cap ratio to bitcoin of 20% at BTC present-day value.
This token has plenty of room to increase in value and a low chance of fading out in the near future. It will be reasonable for MATIC to reach $3.00 within the next year.
MATIC is finding support around $2.00, we may not have many more opportunities for an entry price below that level of support before the next upward movement.
The chart indicates that short-term downward movement may be likely to continue, providing investors a more ideal entry point before new ATH is possible.
The price action of 10x is unlikely because it would require MATIC to have a market cap ratio to bitcoin of 20% at BTC present-day value.
This token has plenty of room to increase in value and a low chance of fading out in the near future. It will be reasonable for MATIC to reach $3.00 within the next year.