This is my first idea. Just a guess. NOT financial advice.
Matic held up well and even gained some ground while other coins lost value in the wake of the Omicron/Evergrande/Federal Reserve announcement pullbacks. NFT investors and developers are fed up with high ETH's high transaction fees and are slowly migrating platforms to Matic. The recent ZkRollups announcement will only improve Matic's position and capabilities.
If we can break out of the current downtrend, hold above $2.12-2.15, and get some more volume in the market, a Santa rally might play out something like this.
I've been HODL-ing Matic since January 2020 and have high expectations for this token in the coming year! Remember to take profits on the way up.
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Reached the $2.60 range right on target! Though it took a different path to get there than expected. I anticipate a slight pullback here before continuing on to test the all time high and enter price discovery.
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Well, we didn't hit $3 on Christmas... but this prediction was pretty darn close! I'll take it.