- Crypto Tony shared in an X post that his upside target for MATIC stands at $0.85.
- At press time, CoinMarketCap indicated that MATIC was up 4.70% and trading hands at $0.7998.
- A long-term symmetrical triangle suggested that MATIC may breakout in the next few weeks.
The cryptocurrency trader and analyst “Crypto Tony” on X shared his target for Polygon (MATIC) in a post yesterday. According to the post, the trader is waiting for the altcoin to reach “$0.85 highs on this push up.”
$MATIC / $USD – UpdateTargeting 0.85 highs on this push up. Who is in this one currently pic.twitter.com/NrrtjMBFID
— Crypto Tony (@CryptoTony__) November 8, 2023
MATIC still has some ground to make up before it can reach the analyst’s target. The cryptocurrency market tracking website CoinMarketCap indicated that the altcoin was changing hands at $0.7998 at press time. This was after MATIC recorded a 4.70% gain over the past 24 hours.
MATIC’s rise on the last day of trading coincided with the rise in the global cryptocurrency market cap of over 3% which was recorded during the same period. Notably, the latest increase in price also pushed MATIC’s weekly performanc…
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