The post Polygon (MATIC) Price Flashes Huge Bullish Signal: Is It the Last Chance to Buy Before the Bull Run? appeared first on Coinpedia Fintech News
The crypto markets are trying hard to trigger a healthy rise at the beginning of December. As expected, market volatility has surged as the trade approaches its climax. One of the popular altcoins, Polygon, which has been displaying strength before, seems to be preparing for yet another upswing. The token has tried the current trade setup before and soared heavily after the breakout. Hence, similar action is expected at the moment.
After the 2022 bear market that dragged the price by more than 80%, the majority of the cryptos have recovered more than 50%. The MATIC price also dropped below $0.33 but managed to rebound and rise above $0.78. Despite the pullback, the price has been trying hard to validate a rebound. Besides, the RSI is also closer to validating a bullish divergence, suggesting the upswing may continue ahead.
Hence, a popular analyst, Captain Faibnik, says to his 71.7K followers that it could be the last chance to accumulate MATIC before the bull run.
As per the chart mentioned by the analyst, the MATIC price is trading within a symmetric triangle and is about to reach the apex. Previously, when the price followed a similar pattern, a breakout occurred at the apex, causing a 20,000% rise in the price to form a new ATH at $2.94. Therefore, if history repeats itself, then the price may kick-start yet another bull run and reach levels around $8 to $8.5 somewhere in Q4 2024.
#PriceAnalysis #Altcoins [Source: Coinpedia]