Polygon (MATIC) has experienced a 3.06% increase against the US Dollar, currently trading at $0.864737. Despite this recent gain, the long-term picture for Polygon remains negative, with a -31.08% price change since one year ago. According to our Polygon price prediction, MATIC is expected to reach $1.02 by Feb 15, 2024, representing an 18.23% increase in the next five days. However, the cryptocurrency markets are unpredictable, and even the largest crypto assets display significant price volatility.

The sentiment in the Polygon markets is currently bullish, with the Fear & Greed index reading Greed. Key support levels for MATIC are $0.837816, $0.821811, and $0.811379, while key resistance levels are $0.864253, $0.874685, and $0.890691. The Relative Strength Index (RSI 14) for Polygon is at 59.13, suggesting that MATIC is currently neutral. The 50-day Simple Moving Average (SMA 50) and 200-day Simple Moving Average (SMA 200) also signal a bearish market for MATIC.