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June 16, 2024
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MATIC Price Poised For Massive Upswing, Analyst Map Crucial Entry & Exit Levels

The post MATIC Price Poised For Massive Upswing, Analyst Map Crucial Entry & Exit Levels appeared first on Coinpedia Fintech News

After an extended period of weak momentum, Bitcoin has begun its upward movement. Following in its step, altcoins like Ethereum, Cardano, Solana, XRP, and BNB, among others, surged as well. However, not all assets are experiencing such positive price increases; a few are yet to claim their bull run. A prominent name out of the list is Polygon (MATIC), which is still stuck in the red zone and continues to lose out on gains. 

At the time of writing, Polygon (MATIC) is selling at $0.936 after a fall of 0.82% over the last 24hrs.

However, a closely followed crypto analyst, known as Kaleo, is of the opinion that Polygon (MATIC) which is an Ethereum-based currency, will surpass Bitcoin and Binance Coin (BNB) soon. 

MATIC To Outperform Bitcoin?

Kaleo informs his 536,400 Twitter followers that Polygon (MATIC) is about to surge against the King currency. He makes note of May 2021’s High Time Frame (HTF) flag and claims MATIC is up for another upward movement.

He also expects MATIC to retrace some more before moving towards marking a new all-time high.

Furthermore, the analyst suggests that MATIC is set to create a similar pattern against BNB, just like Bitcoin. 

Before Kaleo wraps up his analysis, he says that the MATIC/BTC pair is exceptionally bullish and once MATIC enters the bull market, it will easily surge to achieve new heights. He added that, at the price of $1, MATIC is very cheap, and this is the perfect opportunity for market participants to ‘buy the dip’.

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