Polygon (MATIC) Targets $0.8 in June: Rally Begins?
Is Polygon (MATIC) setting up for a rally to $0.8 in June? After a significant price decline last week due to the Fed’s hawkish stance, altcoins, including Polygon, have experienced a relief rally in the past 24 hours. The digital asset market awaits notable price movement this summer, and Polygon (MATIC) is showing positive signs from the $0.580 zone. MATIC price started a fresh increase, potentially gaining bullish momentum above the $0.70 resistance.
Technical Analysis: Polygon's Path to $0.8
📊 Technical Indicators and Targets: Polygon could target $0.8 in June, supported by the EMA 100 and the Ichimoku baseline. The last attempt to trade above the EMA 100 was on April 9th. One top technical analyst, Alan Santana on TradingView, predicts Polygon (MATIC) could see a rally to $7.64. Santana’s prediction is based on historical market cycles.
MATIC Price Performance: Recent Trends
Polygon dropped in June to as low as $0.32 but closed that month at $0.48. Essentially, MATIC price is showing positive signs from the $0.580 zone. Could this be the start of a significant rally? We'll continue to monitor key indicators to assess Polygon's potential to reach, or even exceed, the $0.8 target in June and beyond.