Matic price prediction, How high can Matic go?

 How high can Matic go?

 MATIC price has a similar triangular shape on the 12-hour chart.

The digital asset is trading at $0.54 and reached its first peak on March 11th.

Whales continue to get MATIC despite rising prices.

MATIC has seen big gains over the past few days, and while most reports online suggest that the digital asset is poised for further gains, there is one important thing that Polygon needs to address. tackle it first.

Always expect great value from the MATIC game

On the 12-hour chart, MATIC created a triangular pattern connecting highs and lows with two moving lines. On April 13, the digital asset left the pattern and reached $0.449.

The long-term average price is $0.54, calculated from the height from the start of the top line to the start of the bottom line.

There is only one resistance between $0.409 and $0.418 in the form of the Round In/Out of Cash Prices (IOMAP) which was bought by 2130 addresses of 113 million MATICs. Moving above this line should increase the price of the rectangles as there is no clear direction ahead.

In addition, whale populations have been increasing to 10,000,000 MATIC or more and have been increasing for the past six to 10 days. Since the beginning of 2021, MATIC has acquired 40 new fish, indicating that interest in the digital asset is high and large investors have not received the expected profit as it costs more.

 How high can Matic go?

But on the 4-hour chart, the TD Sequential indicator has only given a definite buy signal in the past. The support level is $0.367, which is the current four-hour SMA of 50 and 100. This position coincides with the upper support shown by the IOMAP model, where 6,000 directions were traded against 576,000 MATIC.