A10x Spike Could Be Achievable for Polygon (POL) This Bull Run: Here’s Why 

2024-12-5 23:15

Crypto analyst Master Kenobi has shared insights regarding Polygon’s potential trajectory in the current market cycle. The analyst points out a pattern: MATIC’s (now POL) breakout occurred 200 days after the Bitcoin halving in the current cycle, compared to 220 days in the previous cycle.

This 20-day acceleration aligns with broader market trends observed in total cryptocurrency market capitalization and Bitcoin dominance patterns.

Historical Performance and Future Projections

The crypto analyst notes POL’s remarkable performance in the previous cycle, where it achieved a 23,700% (240X) growth in just 145 days. Drawing parallels to the current cycle, Master Kenobi notes that if a similar growth period were to unfold, it would theoretically conclude around March 31, 2025.

Currently sitting at a $1.43B market capitalization, the analyst suggests that a 10X increase for POL could be within reasonable reach without requiring excessive market valuation. Master Kenobi emphasizes that the asset appears to be positioned similarly to where it was during the equivalent phase of the previous cycle.

Read Also: Expert Analyst Predicts Jupiter (JUP) Will Outperform Bitcoin Soon – Here’s Why!

The analyst maintains a balanced view, emphasizing that these observations are for educational purposes and community discussion rather than financial advice. Master Kenobi stresses the importance of considering macroeconomic trends and remaining cautious, acknowledging that unexpected events could significantly impact market dynamics.

POL Must Break Above $0.768 to Continue Rally Short-Term

POL has also been bullish since Trump’s win, following the trajectory of many other popular cryptos. It is currently not seeing the retracement that some of these coins are experiencing.

The price is currently up by around 5% today, struggling to break a resistance at $0.768. Breaking above this level will be important for its short-term price trajectory.

The $0.768 level could be the point that signals retracement or acts as a catalyst for stronger gains.

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The post A10x Spike Could Be Achievable for Polygon (POL) This Bull Run: Here’s Why  appeared first on CaptainAltcoin.

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Proof Of Liquidity (POL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -11.80 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 POL

cycle days analyst polygon pol current matic

cycle days → Результатов: 89


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