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Can MATIC pull a ‘rabbit-out-of-hat’ rally akin to one in May 2021
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MATIC had an interesting trading price range since the end of November. While the asset is currently oscillating near an all-time high, there continue to be some frailties alongside strong market indicators. It is therefore important to analyze key market signs in order to properly estimate immediate trend of Polygon’s native tokens
Source: Trading View
While Bitcoin, Ethereum registered a strong correction of 3 December, MATIC’s value incurred a 6.92% growth. On the following day, a 13% decline was witnessed. However, on 5 December, the asset closed out its largest weekly close at $2.05 (as illustrated in the chart). While an ATH level of $2.70 was not reached, its price recently topped out at $2.57.
Now, while the rise in value appears
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