In this article we will focus on Polygon (MATIC), a much discussed cryptocurrency in our premium environment. We examine recent price movements and see what they could mean for the future. This analysis was created for members who want to sharpen their investment strategy.
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New entry opportunities for Polygon (MATIC)
In the premium environment, Crypto Insiders analysts recently published a new MATIC analysis. The analysts made the following points:
“Since the end of last month, MATIC has risen sharply, reaching a high of $0.93, right between the 100% and 123.6% Fibonacci levels.
However, current market movements suggest a downtrend forming as wave 2 within a 12345 Elliott wave pattern. Based on our analysis, we expect price to reach a key point at the intersection of the two 61.8% Fibonacci levels.
This could be a defining moment for MATIC. We believe that once this point is reached, the path is clear for a renewed upward movement.”
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