Polygon (MATIC): Overcoming Resistance Levels
Polygon (MATIC), known for its decentralized scaling solutions tailored for Ethereum developers, has recently experienced significant market activity–despite its price decline of over 4%, Polygon (MATIC) has successfully breached the $0.8 resistance level.
Currently, Polygon’s (MATIC) price fluctuates between $0.592 and $0.957. Its 10-day Moving Average stands at $0.835, while the 100-day Moving Average is at $0.677.
The support levels for Polygon (MATIC) are identified at $0.057 and $0.422 and it encounters resistance at the $1.151 and $1.516 levels.
As the Christmas season nears, experts have issued a price forecast for Polygon (MATIC), estimating a potential price range of $0.8232 to $0.9261 by the end of December.
Although this forecast indicates a positive trajectory for Polygon (MATIC), it is crucial to note that cryptocurrency prices are extremely volatile and heavily influenced by market dynamics and broader economic factors.