Polygon’s MATIC token has seen a surge in price amid anticipation of significant announcements from co-founder Sandeep Nailwal on November 9 and November 14.
Key Takeaways
- Polygon’s MATIC token is experiencing a surge in price, driven by anticipation of significant announcements from co-founder Sandeep Nailwal.
- Nailwal’s tweets hint at revelations on November 9 and November 14, fueling speculation that these announcements could push MATIC’s price to $1.
- MATIC recently reclaimed the 200-day Moving Average (200MA), a positive technical indicator, and is currently trading at $0.8175 with a 9.85% gain in the past 24 hours.
- Market analysts suggest that if buying pressure continues, MATIC could see a 15% rise, targeting the next key resistance zone at $1.04.
Anticipation Builds Around MATIC Announcements
Co-founder Sandeep Nailwal’s tweets have created excitement and anticipation within the Polygon community as they await significant announcements scheduled for November 9 and November 14.
While the Near Foundation recently announced a partnership with Polygon Labs to enhance interoperability across blockchain networks, it was not the announcement hinted at in Nailwal’s tweet, leaving the crypto community in suspense.
It’s my job to make sure that all my followers get rich with #crypto 🧡
— HOPER⚡️ (@HOPERETH) September 29, 2023
Here’s some realistic price predictions:$SOL Will Hit $20$MATIC Will Hit $3$DIONE Will Hit $0.2$FET Will Hit $1$XRP Will Hit $2$RIO Will Hit $10$LINK Will Hit $21$CSPR Will Hit $0.3$NAKA…
MATIC achieved a notable milestone by reclaiming the 200-day Moving Average (200MA) for the first time since April. Market analysts view this technical achievement as a positive indicator for MATIC’s price.
Positive Price Gains for MATIC
Currently trading at $0.8175, MATIC has seen a 9.85% price gain in the past 24 hours, outperforming other major altcoins.
If buying pressure continues, there is potential for MATIC’s price to rise by 15%, targeting the next key resistance zone at $1.04. The Fibonacci Retracement tool indicates that the 23.6% level aligns with this resistance, forming a significant barrier.
To Conclude
As of the latest data, MATIC is trading at $0.8175, and it has seen a 9.85% gain in the past 24 hours. If buying pressure continues, there is potential for a 15% rise in MATIC’s price, targeting the next key resistance zone at $1.04, which aligns with the 23.6% Fibonacci Retracement level.
With the upcoming announcement on November 9, the crypto community is eagerly awaiting potential surges in MATIC’s value.
