Summary
TLDR: The Polygon (MATIC) price has increased by over 50% in the past month, supported by active addresses and investor buying. The altcoin faces a crucial barrier at $1.18, which could reverse bullish momentum if breached. Despite a slight correction, Polygon’s price is expected to push through this resistance and reach $1.30, but a breach could lead to a 10% correction to $1.05.
Key Points
1. The Polygon (MATIC) price has increased consistently for the past month, rising over 50% and showing bullish momentum.
2. Active addresses on the Polygon network have increased by 88%, indicating strong investor participation and confidence in the altcoin.
3. Investors have purchased nearly 59 million MATIC worth $70.2 million, supporting the bullish sentiment and potentially helping the price navigate through resistance levels.