Polygon price after a small accumulation period made a gigantic move and smashed a new all time high $1.49. The price in recent times has slashed below $1 at times when the whole crypto market had dropped. However, the price managed the trembled situation and rose above the levels within a small time frame.
Currently, the price rally manifests a strong bullish trend which appears to be unstoppable until the initial target at $1.5 in met. Once done, the next target is all set at $2 which may happen very shortly from now. However, the price appears poised to hit $5 by next month, if the current trend continues further.
As the price chart clearly showcases, Matic price has attained the set target levels within no time. The price was trending around $0.8 and smashed $1 within 24 hours.However, it revisited the same levels around $0.8, yet regained the lost position at $1.2 in no time.
Further, the rally slumped close $1 multiple times yet rebounded above $1.12 the same trading day. Yet the price surged high since the early trading hours gaining a major boost with extreme positive market sentiments.
The price at the press time is close to ATH at $1.45 with a massive jump of 34.9% since the past 24 hours. Considering the previous price movements, MATIC price may retrace a little, initiating a correction phase before the next leg up. However, the Polygon price may hit the milestone at $2 initially in the next couple of days and eventually head towards $5.