Price Analysis

Polygon Price Analysis Hints Major Reversal to $1.5 As Buyers Hit Key Resistance

Polygon price analysis: MATIC shows a consolidatory pattern with bullish potential, supported by a TD Sequential buy signal, targeting $1.15.
Published by
Polygon Price Analysis Hints Major Reversal to $1.5 As Buyers Hit Key Resistance 

Highlights

  • A bullish breakout from the range resistance of $0.786 will trigger a directional rally in MATIC.
  • A symmetrical triangle pattern leads to the long-term sideways action in a polygon coin.
  • The intraday trading volume of the MATIC coin is $229 Million, showing a 29% gain.

Polygon Price Analysis: MATIC, the native cryptocurrency of the Polygon network, has been trading sideways since last week, struggling to surpass the $0.768 resistance. The consolidation is following the lead of Ethereum amid uncertainty around Spot ETH ETF. With the broader market yet to signal a clear sign of renewed recovery, the overhead supply could prolong the lateral trend in MATIC intact since mid-April.

Also Read: 5 Soaring Crypto to Buy With 100X Potential as Ethereum ETF Skyrockets

Advertisement

Chart Pattern Hints Trend Reversal for Polygon (MATIC) 

Polygon Price Analysis| Tradingview

Over the past six weeks, the Polygon price trading sideways resonated between the two horizontal levels of $0.768 and $0.64. The multiple swings within the range pattern hint at no clear dominance from buyers or sellers.

However, an analysis of the daily chart shows this consolidation in hovering above the support trendline of a long-coming symmetrical triangle. In theory, the chart pattern indicates a notable period of lateral movement which allows the prevailing trend to regain momentum. As per the historical data, the lateral movement above the triangle support indicates an accumulation phase before entering a bullish rally.

Moreover, in a recent tweet by the well-known trader alicharts, a compelling buy signal was highlighted on the $MATIC weekly chart using the TD Sequential indicator. 

https://twitter.com/ali_charts/status/1794997713936719902?ref_src=twsrc%5Etfw” rel=”nofollow

The analysis anticipates a potential uptrend for Polygon (MATIC), suggesting that we might see a one to four-week positive movement in its candlestick patterns. 

Thus, the polygon coin is more likely to break the overhead resistance and would signal a major trend reversal. If the pattern holds true, the potential recovery could lead the asset to nearly 52% up to hit the $1.15 mark.

Advertisement

Technical Indicator

  • Bollinger Band: The flattish trend in the Bollinger Band indicator accentuates the neutral market trend and the need for a decisive breakout from the range formation to reenter a directional rally. 
  • Average Directional Index: The falling ADX slope indicates the MATIC price is stabilizing from the prior downtrend, which indicates sellers have an opportunity to break bottom support.
Advertisement

Related Articles

Share
Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Can $TAPZI Reach $1 In Q1 2026?

Gamefi project TAPZI is raising funds to build an innovative decentralized gaming platform on the…

October 10, 2025
  • Price Analysis

Here’s Why XRP Price May Have a Zcash-Like Surge

XRP price has continued to underperform the crypto market this month. It has sunk into…

October 10, 2025
  • Price Analysis

$TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?

GameFi project TAPZI commenced the presale event for its native token on July 22, 2025.…

October 10, 2025
  • Price Analysis

Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption

The Cardano price has drawn renewed attention as recent technical patterns and network updates converge…

October 10, 2025
  • Price Analysis

Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?

Dogecoin price has entered a critical phase as on-chain data and analyst projections align toward…

October 9, 2025
  • Price Analysis

Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks

Pi Network price continues to crash this month and is now trading at a record…

October 9, 2025