Fri, November 22

Polygon (MATIC) Price Prediction 2024, 2025, 2026-2030 

Polygon (MATIC) Price Prediction 2024, 2025, 2026-2030  Crypto Price Prediction
  • Bullish MATIC price prediction for 2024 is $0.447 to $0.766.
  • Polygon (MATIC) price might reach $2 soon.
  • Bearish (MATIC) price prediction for 2024 is $0.182.

In this Polygon (MATIC) price prediction 2024, 2025-2030, we will analyze the price patterns of MATIC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS
INTRODUCTION
  • Polygon (MATIC) Current Market Status
  • What is Polygon (MATIC)?
  • Polygon (MATIC) 24H Technicals
POLYGON (MATIC) PRICE PREDICTION 2024
  • Polygon (MATIC) Support and Resistance Levels
  • Polygon (MATIC) Price Prediction 2024 — RVOL, MA, and RSI
  • Polygon (MATIC) Price Prediction 2024 — ADX, RVI
  • Comparison of MATIC with BTC, ETH
POLYGON (MATIC) PRICE PREDICTION 2025, 2026-2030
CONCLUSION
FAQ

Polygon (MATIC) Current Market Status

Current Price $0.2982
24 – Hour Price Change 2.25% Down
24 – Hour Trading Volume $5.32M
Market Cap $785.65M
Circulating Supply 2.63B MATIC
All – Time High $2.92 (On Dec 27, 2021)  
All – Time Low $0.003012 (On May 10, 2019)  
MATIC Current Market Status (Source: CoinMarketCap)

What is Polygon (MATIC)

TICKERMATIC
BLOCKCHAINPolygon
CATEGORYEthereum Scaling Solution
LAUNCHED ONApril 2019
UTILITIESGovernance, security, gas fees & rewards

Polygon (MATIC) is the native cryptocurrency of the Polygon Network. It was launched as an ERC-20 token in 2019. Polygon, formerly known as the MATIC Network, is a layer-2 blockchain that uses a proof-of-stake consensus mechanism.

Polygon (MATIC) serves as the primary payment token and governance token on the Polygon Network. Users use MATIC tokens as transaction fees and also gain voting rights on the network. The core Polygon software development kit (SDK) aids the creation and development of decentralized side chains that are interoperable and compatible with the Ethereum blockchain. Significantly, this Ethereum scaling blockchain is all set to launch its zero-knowledge Ethereum Virtual Machine (zkEVM) in the blockchain ecosystem.

Polygon 24H Technicals

(Source: TradingView)

Polygon (MATIC) Price Prediction 2024

Polygon (MATIC) ranks 76th on CoinMarketCap in terms of its market capitalization. The overview of the Polygon price prediction for 2024 is explained below with a daily time frame.

MATIC/USDT Descending Channel Pattern (Source: TradingView)

In the above chart, Polygon (MATIC) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.

Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.

At the time of analysis, the price of Polygon (MATIC) was recorded at $0.3005. If the pattern trend continues, then the price of MATIC might reach the resistance levels of $0.3461, and $0.3930. If the trend reverses, then the price of MATIC may fall to the support of $0.2894.

Polygon (MATIC) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Polygon (MATIC) in 2024.

MATIC/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Polygon (MATIC) for 2024.

Resistance Level 1$0.447
Resistance Level 2$0.766
Support Level 1$0.297
Support Level 2$0.182
MATIC Resistance & Support Levels

Polygon (MATIC) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Polygon (MATIC) are shown in the chart below.

MATIC/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Polygon (MATIC) market in 2024.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.3712
Price = $0.2985
(50MA > Price)
Bearish/Downtrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions27.6678
<30 = Oversold
50-70 = Neutral

>70 = Overbought
Oversold
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume

Polygon (MATIC) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of Polygon (MATIC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

MATIC/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Polygon (MATIC).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum36.2294Very Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period41.15
<50 = Low
>50 = High
Low Volatility

Comparison of MATIC with BTC, ETH

Let us now compare the price movements of Polygon (MATIC) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs MATIC Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of MATIC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MATIC also increases or decreases respectively.

Polygon (MATIC) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Polygon (MATIC) between 2025, 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish Price
Polygon (MATIC) Price Prediction 2025$4$0.1
Polygon (MATIC) Price Prediction 2026$5.5$0.09
Polygon (MATIC) Price Prediction 2027$8.7$0.08
Polygon (MATIC) Price Prediction 2028$10$0.07
Polygon (MATIC) Price Prediction 2029$13$0.06
Polygon (MATIC) Price Prediction 2030$15$0.05

Conclusion

If Polygon (MATIC) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Polygon (MATIC) price prediction for 2024 is $0.766. Comparatively, if unfavorable sentiment is triggered, the bearish Polygon (MATIC) price prediction for 2024 is $0.182. 

If the market momentum and investors’ sentiment positively elevate, then Polygon (MATIC) might hit $2. Furthermore, with future upgrades and advancements in the Polygon ecosystem, MATIC might surpass its current all-time high (ATH) of $2.92 and mark its new ATH.

FAQ

1. What is Polygon (MATIC)?

Polygon (MATIC) is the native utility token of Polygon, a layer 2 blockchain that is secured by the proof-of-stake (PoS) consensus. It is primarily a payment cryptocurrency and is used as transaction fees on its blockchain.

2. Where can you buy Polygon (MATIC)?

Traders can trade Polygon (MATIC) on the following cryptocurrency exchanges such as Binance, OKX, Cointr Pro, Bybit, and Bitunix.

3. Will Polygon (MATIC) record a new ATH soon?

With the ongoing developments and upgrades within the Polygon platform, Polygon (MATIC) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Polygon (MATIC)?

Polygon (MATIC) hit its current all-time high (ATH) of $2.92 On December 27, 2021

5. What is the lowest price of Polygon (MATIC)?

According to CoinMarketCap, MATIC hit its all-time low (ATL) of $0.003012 on May 10, 2019.

6. Will Polygon (MATIC) hit $2?

If Polygon (MATIC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.

7. What will be the Polygon (MATIC) price by 2025?

Polygon (MATIC) price might reach $4 by 2025.

8. What will be the Polygon (MATIC) price by 2026?

Polygon (MATIC) price might reach $5.5 by 2026.

9. What will be the Polygon (MATIC) price by 2027?

Polygon (MATIC) price might reach $8.7 by 2027.

10. What will be the Polygon (MATIC) price by 2028?

Polygon (MATIC) price might reach $10 by 2028.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.