Overview

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MATIC has taken shape within a rising wedge over the last 10 days and awaits a 20% breakout in either direction. Bulls would hope that MATIC can stretch its value Defying the current uncertainty in the crypto market, the MATIC price managed to rebound from $0.75 and surge 42.6% in the last eight days. The rising matic gives The Polygon (MATIC) price failed to break out from a descending resistance trend line in place for 750 days. Based on the wave count, there are two potential scenarios for A crypto analyst named Bixley predicts a bullish breakout for Polygon (MATIC), with potential targets at $1.2, $5.4, and even $55. Bixley compares Polygon’s price Zooming in on the daily timeframe, MATIC’s immediate future presents two potential scenarios based on Elliott Wave theorya tool used to analyze recurring long-term MATIC could continue to trade within its wedge as clear breakout signals develop. Meanwhile, traders must keep a close eye on some crucial levels. A move above In early 2025, MATIC price showed signs of a rebound, testing the crucial $1 level twice and briefly peaking at $1.2, suggesting a possible breakout. However, since mid

MATIC Price Prediction: Two Breakout Scenarios to Watch

MATIC, or Polygon, is currently at a critical juncture. Will it surge, or correct? This analysis explores two possible breakout scenarios for the MATIC price, informed by recent patterns and expert predictions. MATIC has taken shape within a rising wedge over the last 10 days and awaits a 20% breakout in either direction.

The Rising Wedge Pattern and Potential Breakout Directions

Zooming in on the daily timeframe, MATIC's immediate future presents two potential scenarios based on Elliott Wave theory, a tool used to analyze recurring long-term patterns. Currently, MATIC could continue to trade within its wedge as clear breakout signals develop. Meanwhile, traders must keep a close eye on some crucial levels.

Defying the current uncertainty in the crypto market, the MATIC price managed to rebound from $0.75 and surge 42.6% in the last eight days. The rising matic gives cause for optimism, but caution is advised.

Bullish Scenario: Targeting $1.2, $5.4, and Beyond?

A crypto analyst named Bixley predicts a bullish breakout for Polygon (MATIC), with potential targets at $1.2, $5.4, and even $55! Bixley compares Polygon’s price movement to previous market cycles, suggesting significant upside potential. Bulls would hope that MATIC can stretch its value and achieve these ambitious targets.

Bearish Scenario: Monitoring Crucial Support Levels

The Polygon (MATIC) price failed to break out from a descending resistance trend line in place for 750 days. Based on the wave count, there are two potential scenarios for the MATIC price. A move above or below these key levels will confirm the direction of the breakout. The rising wedge pattern inherently carries the risk of a downward correction, so monitoring these support levels is crucial.

Historical Context and Future Outlook

In early 2025, MATIC price showed signs of a rebound, testing the crucial $1 level twice and briefly peaking at $1.2, suggesting a possible breakout. However, since mid-2025, the price action has been more volatile. Keeping an eye on these historical levels can provide clues about future price movements.

Ultimately, the direction of the breakout will depend on market sentiment, overall crypto trends, and Polygon's continued development and adoption. Stay informed and trade responsibly.

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