Polygon (MATIC) Price Prediction 2023, 2024, 2025-2030

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Bullish MATIC price prediction for 2023 is $0.6629 to $0.8432
Polygon (MATIC) price might reach $2 soon.
Bearish (MATIC) price prediction for 2023 is $0.3688.

In this Polygon (MATIC) price prediction 2023, 2024-2030, we will analyze the price patterns of MATIC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.

TABLE OF CONTENTS

INTRODUCTION

Polygon (MATIC) Current Market Status
What is Polygon (MATIC)?
Polygon (MATIC) 24H Technicals

POLYGON (MATIC) PRICE PREDICTION 2023

Polygon (MATIC) Support and Resistance Levels
Polygon (MATIC) Price Prediction 2023 — RVOL, MA, and RSI
Polygon (MATIC) Price Prediction 2023 — ADX, RVI
Comparison of MATIC with BTC, ETH

POLYGON (MATIC) PRICE PREDICTION 2024, 2025, 2026-2030

CONCLUSION

FAQ

Polygon (MATIC) Current Market Status

Current Price	$0.5276
24 – Hour Price Change	0.85% Up
24 – Hour Trading Volume	$227,099,511
Market Cap	$4,905,698,535
Circulating Supply	9,299,803,031 MATIC
All – Time High	$2.92 (On Dec 27, 2021)
All – Time Low	$0.003012 (On May 09, 2019)

MATIC Current Market Status (Source: CoinMarketCap)

What is Polygon (MATIC)

TICKER	MATIC
BLOCKCHAIN	Polygon
CATEGORY	Ethereum Scaling Solution
LAUNCHED ON	April 2019
UTILITIES	Governance, security, gas fees & rewards

Polygon (MATIC) is the native cryptocurrency of the Polygon Network. It was launched as an ERC-20 token in 2019. Polygon, formerly known as the MATIC Network, is a layer-2 blockchain that uses a proof-of-stake consensus mechanism.

Polygon (MATIC) serves as the primary payment token and governance token on the Polygon Network. Users use MATIC tokens as transaction fees and also gain voting rights on the network. The core Polygon software development kit (SDK) aids the creation and development of decentralized side chains that are interoperable and compatible with the Ethereum blockchain. Significantly, this Ethereum scaling blockchain is all set to launch its zero-knowledge Ethereum Virtual Machine (zkEVM) in the blockchain ecosystem.

Polygon 24H Technicals

(Source: TradingView)

Polygon (MATIC) Price Prediction 2023

Polygon (MATIC) ranks 14th on CoinMarketCap in terms of its market capitalization. The overview of the Polygon price prediction for 2023 is explained below with a daily time frame.

MATIC/USDT Symmetric Triangle Pattern (Source: TradingView)

In the above chart, Polygon (MATIC) laid out a symmetric triangle pattern. The symmetric triangle chart pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline indicates the beginning of a new bearish trend. On other hand, a breakout from the upper trendline signal shows the beginning of a new bullish trend. Traders also use moving averages in conjunction with a symmetrical triangle chart pattern to trail their stop loss.

At the time of analysis, the price of Polygon (MATIC) was recorded at $0.5276. If the pattern trend continues, then the price of MATIC might reach the resistance levels of $0.5298, $0.5462, and $0.5682. If the trend reverses, then the price of MATIC may fall to the support of $0.5014, and $0.4916.

Polygon (MATIC) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Polygon (MATIC) in 2023.

MATIC/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Polygon (MATIC) for 2023.

Resistance Level 1	$0.6629
Resistance Level 2	$0.8432
Support Level 1	$0.4890
Support Level 2	$0.3688

MATIC Resistance & Support Levels

Polygon (MATIC) Price Prediction 2023 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Polygon (MATIC) are shown in the chart below.

MATIC/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Polygon (MATIC) market in 2023.

INDICATOR	PURPOSE	READING	INFERENCE
50-Day Moving Average (50MA)	Nature of the current trend by comparing the average price over 50 days	50 MA = $0.5502Price = $0.5247 (50MA > Price)	Bearish(Downtrend)
Relative Strength Index (RSI)	Magnitude of price change;Analyzing oversold & overbought conditions	46.53 <30 = Oversold 50-70 = Neutral>70 = Overbought	Nearly Oversold
Relative Volume (RVOL)	Asset’s trading volume in relation to its recent average volumes	Below cutoff line	Weak Volume

Polygon (MATIC) Price Prediction 2023 — ADX, RVI

In the below chart, we analyze the strength and volatility of Polygon (MATIC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

MATIC/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Polygon (MATIC).

INDICATOR	PURPOSE	READING	INFERENCE
Average Directional Index (ADX)	Strength of the trend momentum	20.8620	Weak Trend
Relative Volatility Index (RVI)	Volatility over a specific period	48.92 <50 = Low >50 = High	Low Volatility

Comparison of MATIC with BTC, ETH

Let us now compare the price movements of Polygon (MATIC) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs MATIC Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of MATIC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MATIC also increases or decreases respectively.

Polygon (MATIC) Price Prediction 2024, 2025 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Polygon (MATIC) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Year	Bullish Price	Bearish Price
Polygon (MATIC) Price Prediction 2024	$4	$1
Polygon (MATIC) Price Prediction 2025	$5	$1.7
Polygon (MATIC) Price Prediction 2026	$7	$3
Polygon (MATIC) Price Prediction 2027	$9	$4.2
Polygon (MATIC) Price Prediction 2028	$10	$5
Polygon (MATIC) Price Prediction 2029	$13	$7
Polygon (MATIC) Price Prediction 2030	$15	$8

Conclusion

If Polygon (MATIC) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Polygon (MATIC) price prediction for 2023 is $0.8432. Comparatively, if unfavorable sentiment is triggered, the bearish Polygon (MATIC) price prediction for 2023 is $0.3688.

If the market momentum and investors’ sentiment positively elevates, then Polygon (MATIC) might hit $2. Furthermore, with future upgrades and advancements in the Polygon ecosystem, MATIC might surpass its current all-time high (ATH) of $2.92 and mark its new ATH.

FAQ

1. What is Polygon (MATIC)?

Polygon (MATIC) is the native utility token of Polygon, a layer 2 blockchain that is secured by the proof-of-stake (PoS) consensus. It is primarily a payment cryptocurrency and is used as transaction fees on its blockchain.

2. Where can you buy Polygon (MATIC)?

Traders can trade Polygon (MATIC) on the following cryptocurrency exchanges such as Binance, OKX, Bitunix, Deepcoin, and Bybit.

3. Will Polygon (MATIC) record a new ATH soon?

With the ongoing developments and upgrades within the Polygon platform, Polygon (MATIC) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Polygon (MATIC)?

Polygon (MATIC) hit its current all-time high (ATH) of $2.92 On December 27, 2021

5. What is the lowest price of Polygon (MATIC)?

According to CoinMarketCap, MATIC hit its all-time low (ATL) of $0.003012 on May 10, 2019.

6. Will Polygon (MATIC) hit $2?

If Polygon (MATIC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.

7. What will be the Polygon (MATIC) price by 2024?

Polygon (MATIC) price might reach $4 by 2024.

8. What will be the Polygon (MATIC) price by 2025?

Polygon (MATIC) price might reach $5 by 2025.

9. What will be the Polygon (MATIC) price by 2026?

Polygon (MATIC) price might reach $7 by 2026.

10. What will be the Polygon (MATIC) price by 2027?

Polygon (MATIC) price might reach $9 by 2027.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.