Polygon (MATIC) is currently trading at $1.04, up 3.36% in the last 24 hours, outperforming the total cryptocurrency market cap, which increased by 1.17% in the same period. However, MATIC is trading 12.71% below our prediction of $1.20 for Mar 30, 2024, and has a negative 1-year price change of -5.53%. Despite the recent gains, the long-term picture for Polygon remains bearish.

The sentiment in the Polygon market is currently bullish, with the Fear & Greed index reading Greed. Key support levels are at $0.987828, $0.963554, and $0.950225, while resistance levels are at $1.03, $1.04, and $1.06. Technical indicators suggest a bullish prediction for Polygon, with 26 indicators signaling a positive outlook and only 3 showing a bearish forecast.

However, it is crucial to remember that the cryptocurrency markets are unpredictable, and even the largest crypto assets display significant price volatility. Investors should seek independent professional consultation before making any investment decisions.