The focus of this analysis is Polygon (MATIC), a high-speed Ethereum solution. We examine the price forecast for MATIC for the near future, supported by insights from our premium environment.
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New entry opportunities for Polygon (MATIC)
Analysts at Crypto Insiders are keeping an eye on an interesting opportunity for MATIC. They recently explained this in the premium environment as follows:
“After the completion of wave 1 in November 2023, we now have the beginning of a second wave. We see a large ABC Elliott wave pattern moving sideways for an extended period of time. This pattern appears to be nearing its end, with an inner wave that we estimate to be between 100% and 123.6% Fibonacci levels.
However, there is a possibility that the price will stay above this zone for a while before continuing higher. We are closely monitoring the green buy zone, which is between $0.52 and $0.60.
We assume that the price can rise sharply again from this zone, but it cannot be just above the zone. For this reason, we continue to provide updates in our Premium environment to respond precisely to the timing of the reversal.
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