Narith168

Polygon’s native token MATIC briefly crossed the $1 mark, supported by increased accumulation from large holders. Data shows that addresses holding between 1M–10M MATIC added around 55M tokens since December 16 — worth more than $44M — bringing their total balance to about 931M MATIC. Historically, similar accumulation phases have been followed by positive market momentum.

The short-term move also comes after Mark Cuban reportedly transferred a notable portion of his MATIC holdings to Coinbase, coinciding with the latest price action.

From a technical perspective, MATIC has broken above a key resistance near $1. Analysts note that if price holds above $0.96 on a weekly close, it could open room for an extended move. Potential upside targets mentioned include the $1.15–$1.51 region, with some forecasts pointing to as high as $1.73 if momentum continues.

On the downside, if market conditions turn weak, support levels to watch range near $0.42 and $0.55. Many traders are using a stop-loss below $0.55 as a risk management approach.

For now, MATIC remains up over 30% on the week and has moved into the 12th position by market capitalization, ahead of Tron (TRX).
@Polygon #Polygon $POL

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