Polygon (MATIC) is currently trading at $1.09, down 3.45% in the last 24 hours, underperforming the overall cryptocurrency market, which has seen a 4.43% decrease in market cap. Despite a positive trend in the last 30 days, with a 21.51% gain, the long-term picture for Polygon remains negative, with a -8.12% price change over the past year. Our Polygon price prediction indicates that MATIC is expected to reach $1.29 by March 21, 2024, representing a 12.23% increase in the next five days.

The current market sentiment for Polygon is neutral, with the Fear & Greed index reading extreme greed. Key support levels to watch are $1.07, $0.995604, and $0.915692, while key resistance levels are $1.22, $1.30, and $1.37. Technical indicators, such as the Relative Strength Index (RSI 14) and Simple Moving Averages (SMA 50 and SMA 200), suggest that MATIC is currently neutral and bearish, respectively.

In conclusion, the current forecast for Polygon is neutral, with a 12.23% increase needed to reach our target of $1.29 within the next five days. It is crucial to monitor market sentiment, support and resistance levels, and other metrics moving forward. However, it is essential to remember that the cryptocurrency markets are unpredictable, and even the largest crypto assets display significant price volatility.