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Crytocurrency

MATIC’s price rise continues, and it breaks above the 9 EMA.

  • Polygon recently said that it would be working with Robinhood (NASDAQ: HOOD).
  • The MATIC community thinks the price will go up to $0.885.
  • The price of MATIC is $0.7758 right now.
    Polygon (MATIC) seems to be in for some interesting times, especially in light of what has happened recently. One of these is the recent announcement that the Ethereum (ETH) Layer 2 token and the Robinhood trading platform will work together.

The recent news that Polygon is going to work with the exchange platform Robinhood had an effect on the price of MATIC. With this announcement, you can see how quickly things are changing behind the scenes.

Due to the volatility of the crypto markets over the past few months, investors want to know what the price of the token will be in the short term.

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The “Price Estimates” tool on CoinMarketCap on September 29 of this year shows that investors think the price of MATIC will reach around $0.885. If this prediction comes true, there will be an increase of 14.06%, which is about $0.11.

At the time of writing, CoinMarketCap shows that the price of MATIC is $0.7751. This is a 4.64% increase over the last 24 hours. This has also turned the token’s weekly performance from negative to positive, as the price of MATIC has gone up by 2.73 percent in the last week.

The price of MATIC has been going up for the last three days, according to the daily chart for MATIC/USDT. Because of this, its price has gone up and is now above the 9 EMA line and heading towards the 20 EMA line.

The RSI indicator recently turned bullish after crossing above the RSI SMA line, and it is still sloping toward overbought territory.

Disclaimer: All of the information in this price analysis, as well as all of the views and opinions expressed, are shared in good faith. The reader must do his or her own research and homework. If a reader does something, it is at their own risk. Coin Edition and its partners will not be responsible for any direct or indirect damage or loss.

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