Polygon (MATIC)

Current Analysis

Technical Indicators

Last Updated: 9 July 2021 / 12:45am EST

Polygon (MATIC) followed the rest of the market down, but did manage to hold it’s support line at the $1 mark. This basically aligns with how my predictions on this one have been going.

I would expect to see this sideways action continue until the market recovers, with the price trending between $1 and $1.25. Long term Polygon (MATIC) obviously has a lot of good going for it, so I would expect that it will make a full recovery with the rest of the market when the time is right.

Live Chart

Previous Updates

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Last Updated: 6 July 2021 / 10:00pm EST

Polygon (MATIC) seems to be sticking in basically the dead center of my predicted price range. I expect it will continue to do so, sticking between $1.00 and $1.25, until the rest of the market is ready to start pumping in a few weeks, and then we will see it start pushing up again.

If it can manage to push up past and maintain above the $1.25 price point, that would be a good indication that things are starting to get ready to move. If it falls down below $1.00, that might be a bad sign, but I really can’t see it falling off that low, as the Polygon network is seeing far too much action for the price of the currency to bottom out that hard, it has too good of a use case for that to happen from what I can see.

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Last Updated: 4 July 2021 / 5:30pm EST

Polygon (MATIC) seems to be sticking right within a box between $1.00 and $1.25, There doesn’t seem to be a lot of juice in trying to drive the price upward right now, and the market seems to have found the sweet spot for the price for the time being.

Long term, obviously there is good things in store for MATIC, as it’s currently the far cheaper alternative to using Decentralized Finance (DeFi) to Ethereum (ETH) based DApps. Once the market starts pumping, I would expect it to follow suit, but for now, I expect it to stay within the box it’s riding in.