Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Polygon (MATIC) stands as one of the top performers in today’s crypto market, ranking third among the top-100 cryptocurrencies by market cap as of August 21. With a gain of 9% within the last 24 hours, the MATIC price recent surge is outpaced only by the Justin Sun associated crypto assets, TRON (+12%) and BitTorrent (+22%). Over the past week, MATIC has experienced a notable rally, accumulating over a 23% increase in its value. This upswing has positioned MATIC at a crucial juncture from a technical analysis standpoint. Crypto analyst World of Charts (@WorldOfCharts1) has pointed out via an analysis on X that Polygon has broken out of a more than six-month long downtrend. The analyst predicts that MATIC could potentially surge towards the $1 mark. Polygon (MATIC) Poised For 143% Rally? The Polygon price has been caught in a descending channel since mid-March, identified by two parallel downward-sloping trend lines. This channel represents a consolidation pattern typically observed as the price makes lower highs and lower lows. Historically, a descending channel is bearish in the context of a downtrend but can indicate a reversal if a breakout occurs. Related Reading: MATIC Price (Polygon) Sets Sights Higher: Can It Gain Bullish Momentum? Yesterday, on August 20, the Polygon price broke out from this descending channel, which can be considered a major bullish signal, suggesting a potential end to the previous downtrend. The breakout move by MATIC is crucial because it not only represents a shift in market sentiment but also sets a new trajectory for potential price targets. The breakout point is situated at approximately $0.44. Following the breakout, the price is projected to rise by more than 143%, according to the analyst. A price rally of this magnitude would push the MATIC price above $1.10. \u201cMatic testing crucial area breakout can lead massive recovery towards 1$ in coming days,\u201d World of Charts remarked via X. Critically, the current price level, post-breakout, needs to serve as a new support level. If MATIC maintains above the descending trend line and ideally performs a successful retest, the bullish outlook could be confirmed. Should the price drop below the trend line again, it might be considered a false breakout, potentially leading to a reassessment of the bullish scenario. Related Reading: MATIC Set For Rebranding In Early September: Will Polygon Prices Recover After Sinking 65%? Furthermore, investors might want to monitor the trading volume and market sentiment. Both will probably play critical roles in sustaining the current upward momentum. An increase in trading volume typically accompanies genuine breakouts, providing further confirmation. A catalyst for another Polygon Rally is just around the corner. As announced in mid-July, Polygon will complete the migration from MATIC to POL on September 4. POL is an eagerly awaited upgrade, primarily due to its role in enhancing the functionality of Polygon’s native token. Upon its implementation, POL will serve immediate practical purposes within the existing Polygon Proof-of-Stake (PoS) network. It will become the principal gas and staking token of Polygon PoS, playing a crucial role in the security framework of the Polygon network. At press time, MATIC traded at $0.4775. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":636975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876],"tags":[40670,86442,79614,89389,92935,83584,92937,89525,86440,92936],"class_list":["post-636963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-matic","tag-matic-price","tag-maticusdt","tag-pol","tag-pol-price","tag-polygon","tag-polygon-chart-analysis","tag-polygon-news","tag-polygon-price","tag-polygon-technical-analysis"],"acf":[],"yoast_head":"\n
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Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/ktsl888.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Polygon (MATIC) Breakout Could Propel Price To $1 In Days: Crypto Analyst","url":"http:\/\/ktsl888.com\/altcoin\/polygon-matic-breakout-price-to-1-in-days\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/altcoin\/polygon-matic-breakout-price-to-1-in-days\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-21-13.26.43-A-digital-illustration-of-a-financial-chart-with-a-prominent-upward-pointing-arrow.-The-chart-should-be-on-a-computer-screen-with-the-screen-edges-sl.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-21-13.26.43-A-digital-illustration-of-a-financial-chart-with-a-prominent-upward-pointing-arrow.-The-chart-should-be-on-a-computer-screen-with-the-screen-edges-sl.png?fit=1792%2C1024"},"articleSection":"Altcoin","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["matic","matic price","maticusdt","pol","pol price","polygon","polygon chart analysis","polygon news","polygon price","polygon technical analysis"],"dateCreated":"2024-08-21T23:30:22Z","datePublished":"2024-08-21T23:30:22Z","dateModified":"2024-08-21T23:30:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polygon (MATIC) Breakout Could Propel Price To $1 In Days: Crypto Analyst\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/altcoin\\\/polygon-matic-breakout-price-to-1-in-days\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/altcoin\\\/polygon-matic-breakout-price-to-1-in-days\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DALL\\u00b7E-2024-08-21-13.26.43-A-digital-illustration-of-a-financial-chart-with-a-prominent-upward-pointing-arrow.-The-chart-should-be-on-a-computer-screen-with-the-screen-edges-sl.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DALL\\u00b7E-2024-08-21-13.26.43-A-digital-illustration-of-a-financial-chart-with-a-prominent-upward-pointing-arrow.-The-chart-should-be-on-a-computer-screen-with-the-screen-edges-sl.png?fit=1792%2C1024\"},\"articleSection\":\"Altcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"matic\",\"matic price\",\"maticusdt\",\"pol\",\"pol price\",\"polygon\",\"polygon chart analysis\",\"polygon news\",\"polygon price\",\"polygon technical analysis\"],\"dateCreated\":\"2024-08-21T23:30:22Z\",\"datePublished\":\"2024-08-21T23:30:22Z\",\"dateModified\":\"2024-08-21T23:30:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-21-13.26.43-A-digital-illustration-of-a-financial-chart-with-a-prominent-upward-pointing-arrow.-The-chart-should-be-on-a-computer-screen-with-the-screen-edges-sl.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/636963"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=636963"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/636963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/636975"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=636963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=636963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=636963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Polygon](\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/GVfJsSFXoAATQWZ.jpg?resize=1708%2C968\")
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