Polygon’s native MATIC token has seen a remarkable one-day price surge of over 20%, breaking the symbolic $1 price threshold.
Keypoints
- MATIC price surged over 20% in 24 hours to over $1
- MATIC trading volume spiked 170% in 24 hours
- MATIC broke out of symmetrical triangle pattern, potentially targeting $1.73
- Polygon whales accumulating, added 55M MATIC tokens last week
- Bullish momentum could continue if MATIC holds above $0.96
- Recent ecosystem growth and developments driving adoption
MATIC’s trading volume spiked by over 170%, indicating surging market interest. The buying pressure combined with positive technical factors has sent its price to highs not seen since last summer. MATIC now stands as the 12th largest cryptocurrency by market capitalization, after recently overtaking TRX.
Experts have been monitoring MATIC’s price action closely, identifying a bullish breakout from a symmetrical triangle formation…
