Polygon (MATIC) Could Surge to $0.83 If These Signals Are Validated: Analyst

This analyst believes that MATIC may go up to new high, here’s what needs to happen first

Analyst Ali Martinez has shared a chart that shows MATIC has the potential to rise to the $0.83 level if the bullish signals he sees are confirmed.

Two buy signals on MATIC chart

Per the analyst’s tweet, there are two buy signals on the Polygon chart — nine red candles and a green number 13 that follows it. The screenshot was made when MATIC was changing hands at $0.77.

Martinez believes that should these signals be validated, the coin price could continue to rise towards the $0.80 or $0.83 level.

At the time of publication, MATIC has already reached $0.80, according to data provided by CoinMarketCap.

#Polygon | The TD Sequential presents two buy signals on $MATIC 4hr chart. A red 9 and sequential 13 candlestick.

If validated, #MATIC could surge towards $0.80 or even $0.83. pic.twitter.com/KuOcxFD5LQ

— Ali (@ali_charts) December 19, 2022

MATIC Staking Backed by Coinbase Prime

As reported by U.Today less than a week ago, a major brokerage service from the Coinbase giant added support for staking.

Earlier, this platform also began supporting staking of Ethereum, the second largest cryptocurrency on the market, and staking for NEAR Protocol (NEAR).