{"id":225295,"date":"2024-01-07T18:15:56","date_gmt":"2024-01-07T12:45:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/can-matic-rebound-to-0-88-crypto-news\/"},"modified":"2024-01-07T18:16:01","modified_gmt":"2024-01-07T12:46:01","slug":"can-matic-rebound-to-0-88-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/can-matic-rebound-to-0-88-crypto-news\/","title":{"rendered":"Can MATIC Rebound to $0.88? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-172649\">\n<p>\nPolygon&#8217;s MATIC price faces supply pressure while analysts stay optimistic about its future amidst market challenges.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1815\" height=\"953\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Polygon Pirce prediction\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1.png 1815w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1-300x158.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1-1224x643.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1-768x403.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1-1536x807.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1-150x79.png 150w\" sizes=\"(max-width: 1815px) 100vw, 1815px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 11 mins ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Polygon price prediction: MATIC price is encountering supply pressure around the psychologically significant $0.8300 mark. Over the past week, the coin\u2019s market value has dipped by 14%, with bears exerting downward pressure. The current falling price suggests the possibility of a breakdown below the lower support trendline of a rising wedge pattern, putting MATIC at risk of further correction.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<figure id=\"attachment_172655\" aria-describedby=\"caption-attachment-172655\" style=\"width: 1224px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-172655\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"MATIC\" width=\"1224\" height=\"643\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1224x643.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-300x158.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-768x403.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1536x807.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-150x79.png 150w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC.png 1815w\" data-lazy-sizes=\"(max-width: 1224px) 100vw, 1224px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1224x643.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-172655\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1224x643.png\" alt=\"MATIC\" width=\"1224\" height=\"643\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1224x643.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-300x158.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-768x403.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-1536x807.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC-150x79.png 150w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATIC.png 1815w\" sizes=\"auto, (max-width: 1224px) 100vw, 1224px\"\/><\/noscript><figcaption id=\"caption-attachment-172655\" class=\"wp-caption-text\">Source, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/LDswjIqd\/\">Tradingview<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The past few days have seen the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/polygon\/\">Polygon price<\/a> oscillating between $0.800 and $0.900, as conflicting bearish and bullish sentiments play out. This tug of war has resulted in a narrow trading range, with prices stabilizing both upward and downward. Presently, MATIC is hovering at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/polygon\/\">$0.8336<\/a>, indicating a potential short-term bearish trend. Despite a recent dip of over 2.5% in the last 48 hours, MATIC has shown overall recovery since its recent low, suggesting a positive outlook for the future.<\/span><\/p>\n<h2><strong>Analysts\u2019 Positive Outlook on Polygon\u2019s MATIC<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Renowned crypto analyst Ali expresses optimism that Polygon (MATIC), the Ethereum Layer-2 scalability solution, may revisit the $0.96 level by the end of January 2024. A surge in buying pressure around current levels could potentially propel MATIC toward $0.88 and even as high as $0.96. Despite a 0.35% decline over the past month, Polygon (MATIC) is garnering renewed interest, primarily due to its transition to Polygon 2.0.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Polygon?src=hash&#038;ref_src=twsrc%5Etfw\">#Polygon<\/a> | The TD Sequential presents a buy signal on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MATIC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MATIC<\/a> 4-hour chart. <\/p>\n<p>A spike in buying pressure around the current levels could see <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/MATIC?src=hash&#038;ref_src=twsrc%5Etfw\">#MATIC<\/a> rebound, potentially toward $0.88, and even as high as $0.96. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/lj96zgPh7k\">pic.twitter.com\/lj96zgPh7k<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1743599512722059771?ref_src=twsrc%5Etfw\">January 6, 2024<\/a><\/p>\n<\/blockquote>\n<h2><strong>Technical Indicators and Trends for Polygon\u2019s MATIC<\/strong><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">If the price of MATIC remains above the $0.0800 support level, there\u2019s potential for momentum to build, possibly leading to a test of resistance at $0.9600. Maintaining this level could pave the way for further gains up to the $0.1000 mark in the foreseeable future. However, in the event that bearish trends persist, MATIC\u2019s price may breach its current support level and move towards a lower support level of $0.0700.<\/span><\/p>\n<figure id=\"attachment_172650\" aria-describedby=\"caption-attachment-172650\" style=\"width: 1154px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-172650\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"MATIC\" width=\"1154\" height=\"751\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1.png 1154w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1-300x195.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1-768x500.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1-150x98.png 150w\" data-lazy-sizes=\"(max-width: 1154px) 100vw, 1154px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-172650\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1.png\" alt=\"MATIC\" width=\"1154\" height=\"751\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1.png 1154w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1-300x195.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1-768x500.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/MATICUSD_2024-01-06_20-13-57-1-150x98.png 150w\" sizes=\"auto, (max-width: 1154px) 100vw, 1154px\"\/><\/noscript><figcaption id=\"caption-attachment-172650\" class=\"wp-caption-text\">MATIC\/USD daily price chart, Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/AnxHq18x\/\">Tradingview<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Technical indicators over the past 24 hours signal the potential for a bull run, with most moving averages and oscillators providing buying signals. The MACD indicates a bearish momentum as the blue MACD line crosses over the red signal line. The Relative Strength Index (RSI) stands at a neutral level of 44.17, indicating market equilibrium. Converging Bollinger bands suggest a heightened possibility of increased volatility in the days ahead.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Read also<\/span><\/p>\n<p><noscript><link rel=\"stylesheet\" id=\"quads-style-css-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/quick-adsense-reloaded\/includes\/gutenberg\/dist\/blocks.style.build.css?ver=2.0.72.1\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"parent-style-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/style.css?ver=1704455680\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"bootstrap-css-css\" href=\"https:\/\/coingape.com\/wp-content\/themes\/coingapev3\/css\/bootstrap.min.css?ver=6.3.2\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"Carousel-css2-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/background-css\/coingape.com\/wp-content\/themes\/coingapev3\/css\/owl.carousel.min.css?ver=6.3.2&#038;wpr_t=1704651300\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"Carousel-css-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/css\/owl.theme.default.css?ver=1704455680\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"mh-magazine-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/background-css\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/style.css?ver=1704455680&#038;wpr_t=1704651300\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"mh-font-awesome-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/includes\/font-awesome.min.css?ver=1704455680\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"tablepress-default-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/tablepress-combined.min.css?ver=1704455680\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/background-css\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/markets.css?ver=1704455685&#038;wpr_t=1704651300\"\/><\/noscript><\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/polygon-price-prediction-can-matic-rebound-to-0-88\/&#038;text=Polygon Price Prediction: Can MATIC Rebound to $0.88?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/polygon-price-prediction-can-matic-rebound-to-0-88\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/polygon-price-prediction-can-matic-rebound-to-0-88\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/polygon-price-prediction-can-matic-rebound-to-0-88\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA172649\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD172649\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon&#8217;s MATIC price faces supply pressure while analysts stay optimistic about its future amidst market challenges. Published 11 mins ago Polygon price prediction: MATIC price is encountering supply pressure around the psychologically significant $0.8300 mark. Over the past week, the coin\u2019s market value has dipped by 14%, with bears exerting downward pressure. The current falling [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":225296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-225295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/225295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=225295"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/225295\/revisions"}],"predecessor-version":[{"id":225297,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/225295\/revisions\/225297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/225296"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=225295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=225295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=225295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}