Polygon Matic testing the last resistance before price discovery
Polygon is in an accumulation phase since the downfall in may 2021.
We are finally back up around previous all time high price ranges.
Bullish news came in that Uniswap is now live on Polygon which is bullish for the whole Ethereum ecosystem.
The RSI shows that we are in the middle of an accumulation phase and therefore its plausible that the final price breakout will occur in 2022 and not yet.
However, in the long run we only see upwards potential for matic.
Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation.
This is ok from an inflation standpoint.
If we go back around the 2$ level this coin looks like a strong buy.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers Ctumbler
We are finally back up around previous all time high price ranges.
Bullish news came in that Uniswap is now live on Polygon which is bullish for the whole Ethereum ecosystem.
The RSI shows that we are in the middle of an accumulation phase and therefore its plausible that the final price breakout will occur in 2022 and not yet.
However, in the long run we only see upwards potential for matic.
Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation.
This is ok from an inflation standpoint.
If we go back around the 2$ level this coin looks like a strong buy.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers Ctumbler
