Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge

Quick Summary:

The analyst explained that Polygon has been experiencing an "important spike in on-chain metrics” over the last week, which could drive POL’s price to a "wild” price action in the future.

Related Reading: Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance Based on this, Martinez predicted that POL’s breakout could potentially lead to a 2,500% rally in the coming months.A weekly close above $0.7973 could spark a rally to $15.27, he detailed, adding that it could also ignite a 6,200% jump to $36.17.

Nearly a week ago, the token "bounced off the triangle’s x-axis,” and had its Moving average convergence/divergence (MACD) "on the verge of a bullish crossover.” This suggested that while sentiment remains overall bearish, "bullish signals are piling up,” indicating a potential rally toward a new ATH.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Crypto trader Crypto investors US Elections POLUSDT Polygon Cryptocurrency Market News Crypto market MATIC Crypto Bull Run 2024 POL Crypto analyst Polygon 2.0

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 06:30:11 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23878962

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Main Topics: Crypto

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