Polygon's price prediction showed MATIC's gains hit nearly 20%. Can bulls clear its overhead hurdles and recover even more?
has been among the top five outliers on the daily and weekly price charts. Since last Friday, MATIC has risen by nearly 20%, while the rest of the market has remained sideways.
MATIC was trading at $0.47, at press time, and had to clear two key resistance levels to hit the supply area at $0.55. The immediate hurdles were at $0.49 and $0.51. Given the massive buying pressure shown by the RSI cruising above its average level, these targets could be hit. However, after the most recent pump, the 30-day MVRV was up +8%. This meant that MATIC holders who had bought the altcoin in the past 30 days had 8% unrealized profits.
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