{"id":379413,"date":"2024-03-26T23:30:36","date_gmt":"2024-03-26T18:00:36","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=379413"},"modified":"2024-03-26T16:16:01","modified_gmt":"2024-03-26T10:46:01","slug":"will-matic-enter-the-top-10-list-before-q2-2024-rolls-around","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/will-matic-enter-the-top-10-list-before-q2-2024-rolls-around\/","title":{"rendered":"MATIC to enter the top-10 in Q2 2024? Here are the odds&#8230;"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">MATIC was up by over 4% in the last 24 hours alone.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Market indicators looked bullish on the token.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"http:\/\/ambcrypto.com\/category\/polygon-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Polygon [MATIC]<\/span><\/a><span style=\"font-weight: 400;\"> recently managed to showcase a bull pattern on its price chart, which hinted that the token might regain its lost glory. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the token\u2019s price broke above and retested a key level. So, should investors expect to witness a massive bull rally from MATIC soon?\u00a0<\/span><\/p>\n<h4><b>Polygon is planning a bull rally<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">World Of Charts, a popular X (formerly Twitter) handle that posts crypto analyses, recently uploaded a <a href=\"https:\/\/twitter.com\/WorldOfCharts1\/status\/1772172902848156050?t=Vzep17y9eKZ5Znc_RlBR4Q&amp;s=19\" target=\"_blank\" rel=\"noopener\">tweet<\/a> highlighting interesting developments around Polygon. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the tweet, MATIC broke out in a symmetrical triangle pattern. After breaking it out, it was also about to retest the new support level. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This indicated a possible bull rally in the coming days, which can allow MATIC to once again come into the limelight. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, if the bull rally happens, MATIC\u2019s value might even touch the $2.9 mark, which might guarantee MATIC\u2019s re-entry into the top 10 club. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/polygon\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, MATIC was already showing signs of recovery, as its value surged by more than 4% in the last 24 hours alone. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, the token was trading at $1.07 with a market capitalization of over $10.5 billion, making it the 18th largest crypto.<\/span><\/p>\n<h4><b>Is the road ahead smooth?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Since MATIC\u2019s price action turned bullish and there were chances of a massive price rise, AMBCrypto checked Hyblock Capital\u2019s data to find any red flags. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our analysis revealed that MATIC will witness high liquidation once its price touches the $1.09 mark. Since liquidation would increase, it hinted that MATIC\u2019s value might witness a correction at that level. <\/span><\/p>\n<figure id=\"attachment_379414\" aria-describedby=\"caption-attachment-379414\" style=\"width: 2786px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-11.51.53\u202fAM.png\"><img decoding=\"async\" class=\"wp-image-379414 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-11.51.53\u202fAM.png\" alt=\"Polygon's liquidation will increase at $1.09\" width=\"2786\" height=\"1264\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-11.51.53\u202fAM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-11.51.53\u202fAM-300x136.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-11.51.53\u202fAM-1024x465.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-11.51.53\u202fAM-768x348.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-11.51.53\u202fAM-1536x697.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-11.51.53\u202fAM-2048x929.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-11.51.53\u202fAM-1200x544.png 1200w\" sizes=\"(max-width: 2786px) 100vw, 2786px\" \/><\/a><figcaption id=\"caption-attachment-379414\" class=\"wp-caption-text\">Source: Hyblock Capital<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Though there might be a slight correction ahead, buying pressure on the token remained high. This was evident from the rise in its supply outside of exchanges and a drop in its Supply on Exchanges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Additionally, Polygon\u2019s Exchange Outflow also spiked quite a few times last week. However, whales seem to have been losing confidence in the token, as MATIC\u2019s supply held by top addresses dropped slightly.<\/span><\/p>\n<figure id=\"attachment_379416\" aria-describedby=\"caption-attachment-379416\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Polygon-on-Ethereum-MATIC-11.53.33-26-Mar-2024.png\"><img decoding=\"async\" class=\"wp-image-379416 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Polygon-on-Ethereum-MATIC-11.53.33-26-Mar-2024.png\" alt=\"Selling pressure o Polygon is low\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Polygon-on-Ethereum-MATIC-11.53.33-26-Mar-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Polygon-on-Ethereum-MATIC-11.53.33-26-Mar-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Polygon-on-Ethereum-MATIC-11.53.33-26-Mar-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Polygon-on-Ethereum-MATIC-11.53.33-26-Mar-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Polygon-on-Ethereum-MATIC-11.53.33-26-Mar-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Polygon-on-Ethereum-MATIC-11.53.33-26-Mar-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Polygon-on-Ethereum-MATIC-11.53.33-26-Mar-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-379416\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/matic-network-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Polygon\u2019s [MATIC] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024-25<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">To double-check what to expect from Polygon, AMBCrypto then took a look at its daily chart. We found that Polygon\u2019s Money Flow Index (MFI) registered an uptick and was headed towards the neutral mark.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Additionally, as per the Bollinger Bands, MATIC\u2019s value was closing in on its 20-day simple moving average (SMA), which too hinted at a further rise in the token\u2019s value in the days to follow.\u00a0<\/span><\/p>\n<figure id=\"attachment_379417\" aria-describedby=\"caption-attachment-379417\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/MATICUSDT_2024-03-26_11-57-28.png\"><img decoding=\"async\" class=\"wp-image-379417 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/MATICUSDT_2024-03-26_11-57-28.png\" alt=\"\" width=\"2710\" height=\"1516\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/MATICUSDT_2024-03-26_11-57-28.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/MATICUSDT_2024-03-26_11-57-28-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/MATICUSDT_2024-03-26_11-57-28-1024x573.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/MATICUSDT_2024-03-26_11-57-28-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/MATICUSDT_2024-03-26_11-57-28-1536x859.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/MATICUSDT_2024-03-26_11-57-28-2048x1146.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/MATICUSDT_2024-03-26_11-57-28-1200x671.png 1200w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/a><figcaption id=\"caption-attachment-379417\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>MATIC retests a key level after breaking out of a bull pattern, hinting at a possible rally.\u00a0<\/p>\n","protected":false},"author":75,"featured_media":379418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,6382,4,20],"tags":[],"class_list":["post-379413","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-polygon-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MATIC to enter the top-10 in Q2 2024? 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