{"id":25233,"date":"2023-12-25T12:29:23","date_gmt":"2023-12-25T12:29:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/polygon-matic-holds-above-key-level-as-bulls-target-1\/"},"modified":"2023-12-25T12:29:23","modified_gmt":"2023-12-25T12:29:23","slug":"polygon-matic-holds-above-key-level-as-bulls-target-1","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/polygon-matic-holds-above-key-level-as-bulls-target-1\/","title":{"rendered":"Polygon (MATIC) holds above key level as bulls target $1"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658475494882-990d2ee7-1c36-4b7e-aaa3-d69aaf62d6ad-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658475494882-990d2ee7-1c36-4b7e-aaa3-d69aaf62d6ad-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658475494882-990d2ee7-1c36-4b7e-aaa3-d69aaf62d6ad-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658475494882-990d2ee7-1c36-4b7e-aaa3-d69aaf62d6ad-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Polygon (MATIC) price is poised above $0.85, a key support level that could see bulls eye $1 in coming weeks.<\/li>\n<li dir=\"ltr\">Bullish catlysts for crypto and developments in the Polygon ecosystem could buoy MATIC upside momentum.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/polygon\/\">Polygon (MATIC)<\/a> price continues to hold above $0.85, a key level above buyers could target the psychological $1 hurdle. Despite the broader market\u2019s lull amid the thinned trading expected this Christmas holiday week, MATIC could still see a major breakout.<\/p>\n<p dir=\"ltr\">Could it be one of the top altcoins under $1 in the market today? Here\u2019s the price outlook for Polygon.<\/p>\n<h2 dir=\"ltr\">Polygon an \u201cunderdog\u201d?<\/h2>\n<p dir=\"ltr\">Polygon has not experienced the kind of price explosion some coins have witnessed in 2023 overall or in recent weeks. But Polygon\u2019s <a href=\"https:\/\/coinjournal.net\/news\/polygon-price-matic-poised-as-highly-anticipated-zkevm-goes-live\/\">zero-knowledge EVM (zkEVM) technology<\/a>, Chain Development Kit (CDK) and MATIC to POL migration mark a few of the key developments for the blockchain in the year.<\/p>\n<p dir=\"ltr\">Polygon also recently integrated with Chainlink Data Feeds, a move hailed as a likely \u201cgame-changer\u201d for the decentralised finance (DeFi) space.<\/p>\n<p dir=\"ltr\">Despite these Polygon founder Sandeep Nailwal <a href=\"https:\/\/twitter.com\/sandeepnailwal\/status\/1738876230575788380\" rel=\"noopener noreferrer\" target=\"_blank\">thinks<\/a> the layer-2 blockchain is an \u201cunderdog\u201d in the ecosystem.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Polygon is back to where its the best at : Being an underdog<\/p>\n<p>NGL it&#8217;s been a painful ride, the whole of 2023, but right now, it feels incredibly liberating to be the underdog again.<\/p>\n<p>\u2014 Sandeep Nailwal | sandeep. polygon \ud83d\udc9c (@sandeepnailwal) <a href=\"https:\/\/twitter.com\/sandeepnailwal\/status\/1738876230575788380?ref_src=twsrc%5Etfw\">December 24, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">MATIC price remains above key level<\/h2>\n<p dir=\"ltr\">Polygon (MATIC) has not traded above the $1 mark since May this year. Polygon bulls however did move to within touch of the price level in November and earlier this month. MATIC\/USD reached highs of $0.98 on November 14 and $0.94 on December 9.<\/p>\n<p dir=\"ltr\">Although prices dipped to lows of $0.76 on December 19, bulls are looking to hold above $0.85 on December 25.<\/p>\n<p dir=\"ltr\">The bullish sentiment across the market and within the Polygon ecosystem could help keep prices from dipping below $0.80. In this case, it\u2019s likely a retest of recent highs near the critical $1 could be on cards before the year ends.<\/p>\n<p dir=\"ltr\">One of the catalysts for further gains in the year could include the highly anticipated spot <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-etf\/\">Bitcoin ETF<\/a>. Analysts and market experts say the US Securities and Exchange Commission (SEC) could finally give a nod to spot Bitcoin ETFs by January 10, 2024.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/polygon-still-eyeing-breakout-despite-christmas-lull-heres-why\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Polygon (MATIC) price is poised above $0.85, a key support level that could see bulls eye $1 in coming weeks. Bullish catlysts for crypto and developments in the Polygon ecosystem could buoy MATIC upside momentum. Polygon (MATIC) price continues to hold above $0.85, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25233"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25233"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25234"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}