MATICBTC Can Matic trigger a new Alt Season??

The Matic Network (MATICUSD) has been on an impressive run as of late. On this chart we see the relative strength of Polygon against Bitcoin ( BTCUSD ) on the MATICBTC pair. As you see the price is about to test the December 2021 High, which along with the May 2021 High form the long-term Resistance Zone .

It is obvious that this draws comparisons to the pair's previous Cycle. A first test of the Resistance level at the time, failed but a second one only a week later, established the Resistance as a Support and started a parabolic rally. The Gaussian Channel seems to indicate that we are about to see this break-out.

Do you think this can be enough to trigger and if already, confirm, the start of a new Alt Season?


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