Incoming MATIC Surge: Analyst Predicts $15 Price Target
Digital asset analyst with X handle Crypto Patel has recently shared a bullish prediction on MATIC price movement in the coming weeks.
This forecast comes amidst MATIC’s poor performance in the last seven days, during which it lost 6.68% of its market value, based on data from CoinMarketCap. The Polygon native token had been one of the best-performing assets in 2024 rising by over 76.38% between January to March.
However, the altcoin has now recorded a 22.83% decline over the last two weeks, drawing much concern over its future price movement. Related Reading: Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning? $1.20 Price Level Critical For MATIC Price Surge, Analyst Says In a post on X on March 23, Crypto Patel presented a bullish case for MATIC despite the token’s current downtrend, naming the forecast the “MATIC BULL RUN ROADMAP.” Firstly, the analyst stated that a MATIC bullish pennant was being formed.
For context, the bullish pennant represents a price pattern that typically follows a string of upward movement in price (the flagpole) followed by a period of consolidation (pennant).
$MATIC BULL RUN ROADMAP 🚀 1⃣ #MATIC Forming Bullish Pennant In HTF 2⃣ 2021 Bull Run: Did 100x in Last bull Market After Bull Flag Breakout 3⃣ If MATIC/USDT Break $1.20 Level in HTF then Ready for $10-$15 Target 4⃣ I am Bullish in #POLYGON for Long Run 5⃣ If Market Crash then…