Polygon Price Prediction: MATIC/USD is bullish for the next 24 hours

TL;DR Breakdown

• Polygon price prediction is bullish today.
• MATIC/USD is currently trading at $1.3.
• Bulls dominate the market.

Today’s Polygon price prediction is positive because a higher low was established at $1.25 yesterday, with bullish momentum taking over. As a result, we anticipate MATIC/USD to rise even more in the next 24 hours.

The entire cryptocurrency heat map is green. The largest digital asset has surged by more than 5%; it is currently trading slightly above $50K, while its closes competitor, Ether, is trading at $34K. ETH aims to break above $40 as the bulls seem to be more strongly than the sellers hence the solid bullish pressure.

Altcoins are also trading in the same positive trend. Shiba Inu coin is the best gainer of the day, recording more than a 60% price surge in the last 24 hours. Despite the overall cryptocurrency heat map being positive, some altcoins are trading in the red zone. THR tops the list of best 50 losers.

Polygon price movement in the last 24 hours: Polygon finds support at $1.25

The daily chart shows that Polygon is bullish. This is because it found support at $1.25, which is the low today. It has been trading above this low, and bulls are ready to push higher as a result. As a result, we predict that MATIC will rise even more in the next 24 hours.

The 4-hour chart shows that Polygon is bullish. This is because the price action formed a higher low at $1.25, as we had anticipated yesterday. Also, bulls have been trading above this resistance level since then. As a result, we expect MATIC to rise soon in the next 24 hours.

MATIC/USD 4-hour Chart: Positive market trends

On the 4-hour chart, we may see bulls pushing the Polygon price action higher once again, suggesting a possibility of surpassing the intraday highs.

MATIC/USD 4-hour chart. Source: TradingView

This month, Polygon price action has shown a resurgence of bullish momentum. A new major swing low was established after closing the month in an increasingly tighter consolidation range with $1.05 as support.

The 1st of October provided the next thrust for the bulls. The previous swing high of $1.25 was swiftly achieved, and after a pause, it was broken through.

The Bollinger bands are wide on the four price prediction chart indicating the market is very volatile. Polygon price points towards the upper band, indicating that the bulls are in control of the market.

The MACD line has crossed over the red signal line on the four price prediction chart, indicating a bullish market.

Polygon Price Prediction: Conclusion 

MATIC/USD pair is bullish today. Most technicals are showing bullish signals; as a result, we expect the price off PIOligon to continue its upward momentum for the next 24 hours.  

As you wait for Polygon to spike further, you can be reading Ethereum and Bitcoin price prediction pieces.