The situation of ‘bubbles’ or cryptocurrency market bubbles continues to get attention in 2021 when most cryptocurrencies have made gains of more than 500%.
Became the focus in May when it surprised crypto investors with a sharp drop after China made a ban on the use of cryptocurrencies in the country.
But not for Polygon (MATIC) when it continues to steal the attention of investors for being able to stand on its own two feet and not expect Bitcoin’s dominance to control its movements.
Mark Cuban, owner of the Dallas Mavericks National Basketball Association (NBA), has now supported Polygon to be part of his company portfolio.
🔥 @mcuban is one of the most prolific and insightful investors with investments in top startups and he is also one of the Sharks on @ABCSharkTank.
🙌🏻 We're proud to share that @0xPolygon is now part of the Mark Cuban company portfolio!
🌐 Visit: https://t.co/RZg0oIomFS
- Polygon (previously Matic) (@0xPolygon) May 25, 2021
Recently, when Elon Musk decided to stop accepting Bitcoin (BTC) due to environmental issues, instead for Mark Cuban, the Dallas Mavericks are still accepting and will continue to use digital currency as payment.
Looking at the MATIC/USDT price movement chart, the price continued to make gains of more than 200% at the beginning of this week’s trading.
The price movement in yesterday's trade saw the price continue to rise past the RBS zone (resistance become support) around $ 1.40 - $ 1.70 up to the resistance level of $ 2.10.
But in today's trading, the price of MATIC made a slight decline to re -test the $ 2.10 level. If the MATIC price manages to maintain the bullish trend, the $ 2.60 resistance level which is the previous all -time high (ATH) level will be retested.
The $ 2.60 ATH level will be a concern before the price movement continues to make the latest all -time high (ATH).
If the price fails to maintain the uptrend, the RBS (resistance become support) zone around $ 1.40 - $ 1.70 will be retested.
