【Crypto World】Polygon network’s MATIC token performed remarkably this week. From the beginning of the week to now, the price has increased by over 33%, with the latest quote reaching $0.1453 — a result of seven consecutive trading days of gains. The catalyst behind this is the official launch of the Open Money Stack payment framework, which seems to be well received by the market.
From a technical perspective, the momentum has clearly strengthened. Both RSI and MACD indicators are signaling bullish trends, suggesting continued upward movement in the short term. On-chain data also supports this: total value locked (TVL) is increasing, and the number of active addresses is rising, indicating that actual network activity is recovering, not just price speculation.
What’s next? Most analysts suggest the following key levels — the major resistance above is at $0.2000. If the price can hold above this level, there is room for further upward movement. The support zone below is between $0.1200 and $0.1000, where buying activity is expected to be relatively strong.
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MATIC weekly up 33% to break through $0.1453, on-chain data and technical indicators are all bullish
【Crypto World】Polygon network’s MATIC token performed remarkably this week. From the beginning of the week to now, the price has increased by over 33%, with the latest quote reaching $0.1453 — a result of seven consecutive trading days of gains. The catalyst behind this is the official launch of the Open Money Stack payment framework, which seems to be well received by the market.
From a technical perspective, the momentum has clearly strengthened. Both RSI and MACD indicators are signaling bullish trends, suggesting continued upward movement in the short term. On-chain data also supports this: total value locked (TVL) is increasing, and the number of active addresses is rising, indicating that actual network activity is recovering, not just price speculation.
What’s next? Most analysts suggest the following key levels — the major resistance above is at $0.2000. If the price can hold above this level, there is room for further upward movement. The support zone below is between $0.1200 and $0.1000, where buying activity is expected to be relatively strong.