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MATIC Price Prediction April 2024

With a bearish reversal from the long-coming support trendline, the MATIC price fails to sustain above $1. As the Polygon token’s market price drops under the psychological mark of $1, the downtrend gains momentum.

With multiple bearish weekly candles, the downfall accounts for a 38% drop in five weeks. Currently, the altcoin trades at $0.7674, with a 12% drop last night. Further, the altcoin loses the dynamic support of the 200D EMA, warning a death cross.

In the weekly chart, the lower high formation continues for Polygon and warns of a drop to $0.50, if the market fails to recover. However, a bullish recovery with Bitcoin Halving can boost the market price back above $1. This could revive the possibility of a new uptrend and a bullish breakout of the long-coming support trendline.

MATIC Price Prediction

Potential Low $0.50

Average Price $0.75

Potential High $1

NB:April 2024

SOURCE:COINPEDIA