$MATIC Breaks Above $1 as Major Pump Seems Likely – How Does it Stack Up Against $GFOX?

cryptonews.com:

In the ever-evolving landscape of cryptocurrencies, where volatility is the norm, two players are currently in the spotlight of the best cheap crypto to buy right now — $MATIC and $GFOX. Investors are buzzing with anticipation as $MATIC defies market pressures, surging past the coveted $1 mark. However, the big question lingers: How will this soaring momentum stack against the intriguing contender, Galaxy Fox ($GFOX)?

Amidst the number of cryptocurrencies in the crypto market, Polygon’s native token, $MATIC, stands tall with a remarkable 10% surge, surpassing the $1 milestone briefly before retracing to just below the $1 mark. Currently trading at $.97, it has claimed the 14th position, leaving major players like ChainLink ($LINK) in its wake. With a weekly gain exceeding 33.58%, $MATIC showcases resilience amidst the volatile nature of the crypto world. Technical charts suggest a promising 70% rally might be on the horizon if the current momentum holds.

Technical analyst Ali Martinez’s insights shed light on $MATIC’s potential breakout from a symmetrical triangle pattern. According to Martinez, a sustained weekly close above $0.96 could propel $MATIC towards $1.73. This optimistic outlook positions Polygon for bullish momentum, setting critical objectives at $1.1527 and $1.5184. Conversely, a bearish shift could see $MATIC retracing to support levels at $0.4213 or even $0.0556.

The recent whale activity is noteworthy, with large $MATIC holders accumulating after a reduction earlier this month. Addressing concerns, a prudent stop-loss strategy below $0.55 is advised. The recent surge gains additional traction as billionaire Mark Cuban relocates a substantial portion of his $MATIC holdings to Coinbase, indicating a strong