InstaForex

August 16, 2021

MATIC Ready to Rocket to the Moon - Record Exciting Performance!

 The refocus on cryptocurrencies for investors this time around is gratifying after recovering after a few weeks of price correction.


The previous Polygon (Matic Network) was the first well -structured and easy -to -use platform for Ethereum scaling and infrastructure development.


The price of Matic has shown a significant improvement over last week after successfully passing the $ 1.20 price range. Even so, Matic still needs a 1 -fold price increase to touch the highest level enjoyed before.



Since starting to show an increase from the lowest price of $ 0.62, the price has been in a very stable uptrend. Price trend movements have shown an upward trend.


To push the price of Matic to soar higher, it must pass the key resistance level at $ 1.40- $ 1.45. If successful, Matic will most likely jump above the $ 1.50 price level.


At the time of writing Matic is trading at the price level of $ 1.41 per unit and will try again to break the resistance level. If the sentiment is not favorable then there is a probability that the price of Matic will fall to the support level of $ 1.19- $ 1.24.