Polygon (MATIC), the native token of the Polygon network, has been experiencing a roller coaster ride in terms of price performance over the past year. While much of the cryptocurrency market rallied to new yearly highs, MATIC struggled to keep pace, leaving many investors in the red.
However, recent analysis by a crypto analyst known as Bixley suggests that there may be a light at the end of the tunnel for Polygon investors.
TLDR
- A crypto analyst named Bixley predicts a bullish breakout for Polygon (MATIC), with potential targets at $1.2, $5.4, and even $55.
- Bixley compares Polygon’s price performance to Ethereum’s early days, suggesting a potential for significant upward movement if MATIC breaks the trend line.
- Another analyst points out the formation of a death cross on the weekly chart for MATIC, which could indicate a bearish trend and a possible 70% drop in price.
- In the last 24 hours, MATIC has been in a…
