Polygon (MATIC) Price Prediction – Will MATIC Price Hit $5 in 2022?

This Polygon (MATIC) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our MATIC price analysis and prediction.

There are many cryptocurrencies that skyrocketed to a new all-time high during this 2021 bull run. In contrast, some crypto also had a decline in price. Therefore, many crypto traders and investors are confused about whether it is time to hold or sell crypto for a good price. For MATIC, the former may be the case.

Moreover, the crypto market is in a bearish movement lately, and most cryptos are losing their previous profits. Is the scenario the same as the MATIC price? We’ll find out shortly in this MATIC price analysis 2022 article. But first, let’s have a look at what MATIC is.

What Is Polygon (MATIC)?

Polygon is the first well-regulated, easy-to-use platform for Ethereum scaling and infrastructure development. Its core element is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

MATIC, the native token of Polygon, is an ERC-20 token based on the Ethereum blockchain. Moreover, the tokens are utilized for payment services on Polygon and as a settlement currency between users who operate within the Polygon marketplace.

Now that we have an idea about MATIC, do you think MATIC will be profitable crypto in 2022? Or, are you curious to find out? Join me and let us see the charts in this MATIC price analysis and MATIC price prediction.

Polygon (MATIC) Current Market Status

According to CoinMarketCap, MATIC trades at $0.653 with a 24-hour trading volume of $399,453,397, as of the time of writing this Polygon price analysis. The price of MATIC has increased by 5.84% in the last 24 hours.

Furthermore, MATIC has a current circulating supply of 7.96B MATIC according to CoinMarketCap. Currently, the top cryptocurrency exchanges for MATIC are Binance, OKEx, FTX, CoinTiger, and Mandala Exchange.

Now, let’s proceed to the next part of this MATIC technical analysis for 2022.

Polygon (MATIC) Price Analysis 2022

Polygon is an Ethereum startup seeking to bring an end to the problems disturbing the Ethereum network. Furthermore, the two significant problems faced by the Ethereum blockchain are high transaction fees and slow transaction time. On the other hand, Polygon seeks to address the low transaction time of Ethereum.

Would the recent development and changes in MATIC’s blockchain help the cryptocurrency price to grow higher? Let’s look at the charts in this MATIC price prediction article.

MATIC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Polygon (MATIC), it could be seen that the present bullish run could continue since the last candlestick is not touching the bottom curve in the Keltner Channel chart above. This shows that the present increase in the price of MATIC might be sustained for some days before any reversal would be expected.

MATIC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Polygon (MATIC) 1day chart of MATIC/USDT is at 46.98.  This shows that MATIC is showing a neutral trend since it is between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase, though the price could move to the strong trend region since the RSI is approaching 50.

MATIC/USDT 1Day Chart Showing 90-MA and 30-MA (Source: Tradingview)

From the 90 days and 30 days moving averages for Polygon, it could be seen that MATIC would go bullish in the long-term since the 90-day moving average is above the 30-day moving averages. Hence, long-term investors could recover some part of their investments that had been lost in recent weeks due to crypto winter.

Polygon (MATIC) Price Prediction 2022

The chart below shows that Polygon (MATIC) has shown a bullish trend in the past few days. Moreover, the MATIC price has increased by 8.7% in the last 14 days. If this trend continues the price of might run along with the bulls, overtaking its $0.798 resistance1 level, and move higher to $2.838 resistance6 level, the bullish signal for 2022.

MATIC/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if investors move against the crypto, thereby dethroning Polygon (MATIC) from its bullish position, the price of MATIC might dip to $0.493, or even plummet further.

Meanwhile, our long-term MATIC price prediction for 2022 is bullish. Even more, it has a high possibility of reaching a new all-time high this year. However, that will only happen if it breaks past a number of psychological resistances.

Polygon (MATIC) Price Prediction 2023

If this bullish trend continues, MATIC will reach $7.5 by the end of 2023. Moreover, the first half of 2023 is going to show fast growth, up to $6. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $7.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Polygon (MATIC) Price Prediction 2024

If MATIC holds the support level around 90-MA, the long-term moving average of 90 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $12, making it not plummet but play consistently.

Polygon (MATIC) Price Prediction 2025

As per the latest upgrades, developments, MATIC price prediction, and new project forecasts of the platform, MATIC investors could expect many partnerships and integrations around 2025. Moreover, this might boost the price of MATIC in the crypto market, and it will be the best investment as the price can spike and reach around $20.

Polygon (MATIC) Price Prediction 2026

In the next five years, MATIC prices could race up to $35. However, reaching this level could not be so difficult for MATIC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MATIC has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Polygon (MATIC) Price Prediction 2027

As per the latest upgrades, developments, MATIC price prediction, and new project forecasts of the platform, MATIC investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of MATIC in the crypto market, and it will be the best investment as the price can spike and reach around $50.

Polygon (MATIC) Price Prediction 2028

In the next seven years, MATIC prices could race up to $65. However, reaching this level could not be so difficult for MATIC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MATIC has a high possibility of reaching a new ATH soon in the next seven years as per the prediction.

Polygon (MATIC) Price Prediction 2029

As per the latest upgrades, developments, MATIC price prediction, and new project forecasts of the platform, MATIC investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of MATIC in the crypto market, and it will be the best investment as the price can spike and reach around $80.

Polygon (MATIC) Price Prediction 2030

In the next nine years, MATIC prices could race up to $100. However, reaching this level could not be so difficult for MATIC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MATIC has a high possibility of reaching a new ATH soon in the next nine years as per the prediction.

Conclusion

MATIC has a bright future ahead of it in 2022. With ongoing developments happening within the MATIC ecosystem, as well as in the overall crypto market, we may see MATIC reach new heights.

Even more, the bullish MATIC price prediction for 2022 is $2.838. As said above, it may even reach a new ATH if investors have decided that MATIC is a good investment in 2022 along with mainstream cryptocurrencies like Bitcoin and Ethereum. Moreover, it has a chance to reach $5 in the latter parts of this year as well.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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