Cryptocurrency experts have brought out that Polygon (MATIC) prices have shown an overwhelming buy signal, which suggests that the price of the digital asset may be about to turn around. They believe that this hint could push MATIC prices toward goals that have already been set.
As this setup comes to a close, the study looks at the color patterns of the candles that came before it. Experts say that red candles mean a possible upward turnaround and green candles mean that the asset appears to have reached its peak.
The countdown, which starts after the initial setup process, comes next. This phase lasts for thirteen candles and, when it is finished, indicates another possible point of turnaround.
Polygon’s Potential Rebound
According to recent market data, Polygon has successfully finished a TD Sequential phase that shows a downturn. Analysts state that this could mean that the asset has reached its bottom.
An expert talked about the possible price path and said, If MATIC stays firm above $0.87, we expect a rebound towards $0.95 or even $1. Such a rise would be a significant shift from where things are now, and gains of more than 8% to almost 14% are possible.
It is still not clear how the market will react to these indications or where Polygon’s price will go in the future. But buyers have had an uphill battle lately because MATIC’s value has declined from about $1.3 to $0.87 in just a few weeks, a decline of over 33%.
Even though prices are going down, the appearance of the TD Sequential buy signal gives Polygon buyers comfort and could mean a change in how the market believes.
