At the market opening this week it seems to have seen crypto price movements that remain with consistent patterns, mostly indicating positive price movements.
The August trading session, Matic showed a fierce price growth pattern resulting in a 55% jump reaching a high of $ 1.56.
Recently, Polygon has begun the process of merging Hermez into the Polygon ecosystem operating under the new name ‘Polygon Hermez’.
12/14 We believe that combining Polygon’s experience, adoption, and treasury with Hermez’s technology and knowledge will bring great results.
Please read the full announcement for more details on the merger: https: //t.co/NtWb59jtba
- Polygon (@0xPolygon) August 13, 2021
The merger is the largest effort into the field of scaling ZK as a strategic focus to move further forward.
Next, look at the current movement chart of the MATIC/USDT price.
Price movements are seen starting to show an encouraging price increase last week resulting in a 50% jump ending yesterday’s trading session.
The price movement in yesterday's trading seems to continue to break the resistance level around $ 1.5 and make the latest highs.
However, in today's trading, the price of Matic is seen to make a slight decline either making a correction or will continue to rise higher.
If the price of Matic manages to maintain the bullish trend, the resistance level around $ 1.5 will be tested first before making a higher rise and will make the latest high.
Higher expectations will occur if Matic manages to break the $ 1.56 resistance level.
However, if Matic returns to show a bearish pattern, the RBS (resistance become support) level around $ 1.3 will be the focus to be tested first before continuing lower.
At the time of writing, Matic is trading at a price of around $ 1.45 down over 1% in the last 24 hours.
