{"id":599363,"date":"2025-03-24T05:27:51","date_gmt":"2025-03-24T05:27:51","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=599363"},"modified":"2025-03-24T05:27:51","modified_gmt":"2025-03-24T05:27:51","slug":"incoming-matic-surge-analyst-predicts-15-price-target","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/matic\/incoming-matic-surge-analyst-predicts-15-price-target\/","title":{"rendered":"Incoming MATIC Surge: Analyst Predicts $15 Price Target"},"content":{"rendered":"<p><span style=\"font-weight: 400\">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\u2019s poor performance in the last seven days, during which it lost 6.68% of its market value, based on<a href=\"https:\/\/coinmarketcap.com\/currencies\/polygon\/\" target=\"_blank\" rel=\"noopener nofollow\"> data from CoinMarketCap.\u00a0<\/a><\/span><\/p>\n<p><span style=\"font-weight: 400\">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 <a href=\"https:\/\/www.ktsl888.com\/matic\/matic-price-slumps-10-amidst-market-downturn-here-are-key-levels-to-watch\/\" target=\"_blank\" rel=\"noopener \">over the last two weeks<\/a>, drawing much concern over its future price movement.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/fantom-ftm-jumps-180-4-weeks-just-the-beginning\/\" target=\"_blank\" rel=\"noopener \">Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning?<\/a><\/div>\n<h2><span style=\"font-weight: 400\">$1.20 Price Level Critical For MATIC Price Surge, Analyst Says<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In a<a href=\"https:\/\/x.com\/CryptoPatel\/status\/77836392?s=20\" target=\"_blank\" rel=\"noopener nofollow\"> post on X on March 23,<\/a> Crypto Patel presented a bullish case for MATIC despite the token\u2019s current downtrend, naming the forecast the \u201cMATIC BULL RUN ROADMAP.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Firstly, the analyst stated that a MATIC bullish pennant was being formed. For context, the bullish pennant represents a price pattern that typically follows a string of upward movement in price (the flagpole) followed by a period of consolidation (pennant).<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$MATIC<\/a> BULL RUN ROADMAP \ud83d\ude80<\/p>\n<p>1\u20e3 <a href=\"https:\/\/twitter.com\/hashtag\/MATIC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#MATIC<\/a> Forming Bullish Pennant In HTF<br \/>\n2\u20e3 2021 Bull Run: Did 100x in Last bull Market After Bull Flag Breakout<br \/>\n3\u20e3 If MATIC\/USDT Break $1.20 Level in HTF then Ready for $10-$15 Target<br \/>\n4\u20e3 I am Bullish in <a href=\"https:\/\/twitter.com\/hashtag\/POLYGON?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#POLYGON<\/a> for Long Run<br \/>\n5\u20e3 If Market Crash then\u2026 <a href=\"https:\/\/t.co\/FJEvGiHd4U\" rel=\"nofollow\">pic.twitter.com\/FJEvGiHd4U<\/a><\/p>\n<p>\u2014 Crypto Patel (@CryptoPatel) <a href=\"https:\/\/twitter.com\/CryptoPatel\/status\/77836392?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 23, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">A bullish pennant is characterized by converging trendlines, which indicates the continuation of the previous uptrend once the price breaks out of consolidation. Importantly, Crypto Patel emphasized that MATIC\u2019s bullish pennant was being formed on a higher time frame (HTF), such as the weekly chart.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following historical trends, the complete formation of the bullish pennant could result in Polygon native asset experiencing a 100x price increase in the highly anticipated crypto bull run, as observed in 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, with a focus on short-term targets, Crypto Patel has stated that MATIC reaching the $1.20 price zone on the HTF could trigger a surge to a range of $10-$15, representing a potential 1500% gain on the asset\u2019s current price.\u00a0 Albeit, in the advent of an unexpected crash, the crypto analyst expects MATIC could be significantly affected but should find support around the $0.60-$0.70 price zone.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/buy-high-sell-low-fomo-made-this-crypto-trader-lose-6039-sol\/\" target=\"_blank\" rel=\"noopener \">Buy High, Sell Low: FOMO Made This Crypto Trader Lose 6,039 SOL<\/a><\/div>\n<h2><span style=\"font-weight: 400\">MATIC Price Overview<\/span><\/h2>\n<p style=\"text-align: left\"><span style=\"font-weight: 400\">At the time of writing, MATIC trades around $0.9817 with a 1.30% gain in the last 24 hours. Meanwhile, the token\u2019s daily trading volume has declined by 31.82% and is valued at $291.65 million. With a market cap value of $9.7 billion, MATIC is ranked the 16th largest cryptocurrency and one of the world\u2019s most prominent digital assets.<\/span><\/p>\n<pre style=\"text-align: center\"><span style=\"font-weight: 400\">\r\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large\" src=\"https:\/\/www.tradingview.com\/x\/aID0exhR\/\" alt=\"MATIC\" width=\"1479\" height=\"893\">MATIC trading at $0.9771 on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/xg17RJqK\/?symbol=BYBIT%3AMATICUSDT\" target=\"_blank\" rel=\"noopener nofollow\">MATICUSDT chart on Tradingview.com<\/a>\r\n<\/span><\/pre>\n<div class=\"disclaimer-shortcode\"><em>Featured image from Freepik, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s poor performance in the last seven days, during which it lost 6.68% of its market value, based on data from CoinMarketCap.\u00a0 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.\u00a0 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\u2019s current downtrend, naming the forecast the \u201cMATIC BULL RUN ROADMAP.\u201d 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 \ud83d\ude80 1\u20e3 #MATIC Forming Bullish Pennant In HTF 2\u20e3 2021 Bull Run: Did 100x in Last bull Market After Bull Flag Breakout 3\u20e3 If MATIC\/USDT Break $1.20 Level in HTF then Ready for $10-$15 Target 4\u20e3 I am Bullish in #POLYGON for Long Run 5\u20e3 If Market Crash then\u2026 pic.twitter.com\/FJEvGiHd4U \u2014 Crypto Patel (@CryptoPatel) March 23, 2024 A bullish pennant is characterized by converging trendlines, which indicates the continuation of the previous uptrend once the price breaks out of consolidation. Importantly, Crypto Patel emphasized that MATIC\u2019s bullish pennant was being formed on a higher time frame (HTF), such as the weekly chart.\u00a0 Following historical trends, the complete formation of the bullish pennant could result in Polygon native asset experiencing a 100x price increase in the highly anticipated crypto bull run, as observed in 2021. However, with a focus on short-term targets, Crypto Patel has stated that MATIC reaching the $1.20 price zone on the HTF could trigger a surge to a range of $10-$15, representing a potential 1500% gain on the asset\u2019s current price.\u00a0 Albeit, in the advent of an unexpected crash, the crypto analyst expects MATIC could be significantly affected but should find support around the $0.60-$0.70 price zone.\u00a0 Related Reading: Buy High, Sell Low: FOMO Made This Crypto Trader Lose 6,039 SOL MATIC Price Overview At the time of writing, MATIC trades around $0.9817 with a 1.30% gain in the last 24 hours. Meanwhile, the token\u2019s daily trading volume has declined by 31.82% and is valued at $291.65 million. With a market cap value of $9.7 billion, MATIC is ranked the 16th largest cryptocurrency and one of the world\u2019s most prominent digital assets. MATIC trading at $0.9771 on the daily chart | Source: MATICUSDT chart on Tradingview.com Featured image from Freepik, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":599366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86487],"tags":[25757,40670,83584,10709],"class_list":["post-599363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matic","tag-crypto-bull-run","tag-matic","tag-polygon","tag-price-prediction"],"acf":[],"yoast_head":"\n<title>Incoming MATIC Surge: Analyst Predicts $15 Price Target<\/title>\n<meta name=\"description\" content=\"On March 23,X analyst Crypto Patel presented a bullish case for MATIC despite a current downtrend, naming the forecast \u201cMATIC BULL RUN ROAD&quot;\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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