Why Polygon MATIC Price Could Experience Another Bullish Breakout

Polygon MATIC price has maintained a relatively stable uptrend despite the larger crypto market's uncertainty.   The post Why Polygon MATIC Price Could Experience Another Bullish Breakout appeared first on BeInCrypto.

Timeline of Polygon

Polygon has seen its price increase by 23% in the past 30 days, with MATIC spending the entire month of October in the green. The post MATIC up 23% over past month as addresses spike, coins leave exchanges en masse appeared first on CryptoSlate.

MATIC's price shows strength as it bounces from a downtrend range price rallied to a high of $0.95 with eyes set on $1.  MATIC faces a major issue break and holds above 61.8% Fibonacci value and trends higher to a region of $1.

Polygon's MATIC is now ranked 11th in terms of market cap, with the altcoin having garnered a lot of interest due to its increasing number of collaborations. Despite its growing number of partnerships, however, interest in Polygon's dApps has remained flat.

After an extended period of weak momentum, Bitcoin has begun its upward movement. Following in its step, altcoins like Ethereum, Cardano, Solana, XRP, and BNB, among others, surged as well. However, not all assets are experiencing such positive price increases; a few are yet to claim their bull run.

BitPay has announced that its platform now supports the Polygon network and MATIC token, making it possible for users to buy, store, swap, and spend MATIC straight from the BitPay app.

The crypto payments processing company BitPay now supports the Polygon protocol. Polygon (MATIC/USD) is one of the largest Proof-of-Stake (PoS) based, Layer-2 Ethereum (ETH/USD) scaling solutions out there that was originally launched in October of 2017.

Today, crypto compostable social graph Lens suspended its transactional services as a result of high Polygon gas limits and a third-party relay that contributed to a problem in mining transactions.

The Polygon price prediction is bullish above $0.82, especially since it has broken through a symmetrical triangle pattern on the upper side. Polygon's market price has surged 200% in the last four months from its low point in June 2022 of $0.31.

Bitcoin and crypto payment services provider Bitpay has announced that the company now supports the Polygon (MATIC) network. According to the firm, Bitpay app users will be able to store, trade, and spend MATIC later this week, and the collectibles company Panini America will be Bitpay's first merchant to accept MATIC payments.

Collectibles Marketplace Panini America Will Be Among the First Merchants to Support Its Customers with the New MATIC Payment Option BitPay, the world's largest provider of Bitcoin and cryptocurrency payment services, has announced support for Polygon and MATIC. Consumers can buy, store, swap and spend MATIC within the BitPay app later this week.