MATIC Looks To Hit $1 Target After Breaching Major Resistance

MATIC didn’t have to wait for Bitcoin to initiate a price rally and cause the USDT dominance to decline just to have a bullish momentum. In fact, according to tracking from Coingecko, the cryptocurrency managed to increase its value by 24.3% over the last 30 days – the same period where most digital currencies struggled to stay on the green zone. MATIC dumped the block established by bears at the $0.93 resistance marker The altcoin has increased by more than 24% over the last month A rally towards the $1 marker is highly likely At press time, the altcoin is trading at $0.93 and is up by 11.9% for the past seven days. In a span of 14 days, the asset was able to tally a 17.4%. The asset was expected by analysts to experience rejection in attempting to test the $0.92 resistance marker. MATIC, as it turns out, still had enough kick in it to move past the crucial barrier and sustain higher price levels at this moment. Profit Opportunity For MATIC Buyers Starting from the middle part of July this year, the native token of the Polygon network was trading at a narrow range between $0.72 and $1.03. Sometimes, MATIC would settle at $0.88. At the start of this month, the crypto revisited the lower zone of its price range, giving bulls the chance to test sellers that resulted in positive gains. Related Reading: FLOW Diverted By Bearish Current Amid Relative Inactivity – Here’s Why Source: TradingView Although the A/D indicator did not hav...