Polygon (MATIC): Positive Trend and Predicted to Touch ATH?

Bittime -Price The price of Polygon (MATIC) has continued to increase over the past month, with an increase of more than 50%. If this momentum is lost, the trend can reverse from bullish (up) tobearish(down).

Polygon Positive Outlook

The soaring price of Bitcoin has also had a positive impact on various altcoins, including MATIC. The Polygon network itself shows an active positive trend.

Additionally, the average active address on the Polygon network, which indicates transaction activity, increased 88% from 1,719 to 3,232. 

This increase can be seen as evidence of high market interest and trust in Polygon.

Check Today's Crypto Market:

Increased Polygon Matic Token Purchasing Activity

Purchasing activity of Polygon's native MATIC token by investors has also increased. The amount of MATIC available across exchanges (indicating the supply on the exchange) has decreased over the past week. 

Recent investor purchases of around 59 million MATIC worth IDR 1,023,300,000,000 (exchange rate IDR 17,175 per USD), indicate that the upward trend may continue. 

This strengthening has the potential to occur if MATIC manages to penetrate the resistance level at IDR 17,175.

Also Read How to Buy Crypto:

Current Price of Polygon (MATIC).

Source: Bittime

According to Market Bittime.com March 13, 2024 the price of 1 MATIC to IDR is at 19,174 and has also increased by +2.33% over the last 24 hours

Check Crypto Prices Today:

MATIC Price Prediction

According to en.coin-turk.com in the last 48 hours, Polygon price underwent a slight correction, indicating a slowdown in price increases. Recently, MATIC encountered resistance at the level of IDR 17,175 which was reached in April 2023. Even though it had exceeded this level, the price then fell again.

After the resistance level was successfully converted into support, MATIC has reached IDR 18,800 and is then predicted to touch the highest level this year.

Also Read: What is Polygon (MATIC)? Listen to the explanation!

However, considering that MATIC did not achieve this price movement in April last year, there is a possibility that the price will fall from the level of IDR 17,175. 

This decline could cause a correction to IDR 15,625.

If the mentioned support level is also lost, bullish expectations could become invalid, and MATIC could potentially fall back below the support level of IDR 14,500.

How to Buy Polygon (MATIC) on Bittime

You can buy and sell Polygon (MATIC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Polygon (MATIC) is available on Bittime with the market pair MATIC/IDR . To be able to buy MATIC IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Polygon (MATIC) on Bittime . 

Monitor price chart movements for Polygon (MATIC) , Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:
Solana makes the App Store and Play Store chaotic, this is what its founder said!

Polygon (MATIC) Price Prediction According to Crypto Academy

What is Polygon Ecosystem (POL)? Efficient Blockchain Scalability Solution

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.