Key Takeaways : MATIC price faces bearish pressure around $0.59. Polygon price prediction for 2024 expects the price of MATIC to surge toward $1.03. By 2030, we expect the MATIC price to record a maximum price of $10.51. Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts eagerly anticipate the future valuation of its native cryptocurrency, MATIC. This raises the question: Can MATIC’s price reach $10? This forecast for Polygon’s price examines factors such as ecosystem trends, adoption rates, underlying technology, and technical analysis to project the MATIC price prediction from 2024 to 2030. Overview Cryptocurrency Polygon Ticker Symbol POL Rank 12 Price $0.59 Price change 24H -0.3% Market cap $7,240,424,326 Circulating supply 9,899,469,069.28 MATIC Trading volume 24h $210M All-time high $2.92 All-time low $0.003012 MATIC price prediction: Technical analysis Metric Value Current Price $0.59 Price Prediction $ 0.683824 (15.51%) Fear & Greed Index 80 (Extreme Greed) Sentiment Bullish Volatility 21.75% Green Days 17/30 (57%) 50-Day SMA $ 0.404057 200-Day SMA $ 0.487578 14-Day RSI 70.31 MATIC price faces bearish pressure at $0.6 MATIC price analysis shows a bearish pressure around $0.6. Resistance for MATIC is present at $0.6291. Support for MATIC/USD is present at $0.5814. The MATIC price analysis for December 17 confirms that MATIC faces bearish pressure around $0.6. Currently, the bears are aiming for a drop below Fib channels. MATIC price analysis 1-day chart: Polygon aims for immediate decline MATIC witnessed a bearish rally after bulls failed to push the altcoin above immediate Fib levels. Over the last 24 hours, the price rejected $0.6 strongly. However, buyers are strongly defending a decline on the price chart. The 24-hour volume surged to $5.2 million, showing increased interest in trading activity. The price is trading at $0.59, decreasing by over 0.3% in the last 24 hours. Matic/USD price chart. Image source: TradingView The RSI-14 trend line has declined from its previous level and currently hovers around 51, showing that bears are slowly gaining price momentum. The SMA-14 level suggests downward volatility in the next few hours. MATIC/USD 4-hour price chart: Bulls aim for a hold above EMA trend lines The 4-hour MATIC price chart suggests MATIC continues to experience bullish activity around EMA lines, creating a positive sentiment on the price chart. As the price continues to face resistance near the immediate Fib level, bears aim to dominate the chart by holding the price below the EMA20 trend line. Matic/USD price chart. Image source: TradingView The BoP indicator trades in a positive region at 0.06, hinting that buyers are trying to build pressure near support levels and boost an upward correction. However, the MACD trend line has formed red candles below the signal line, and the indicator aims for a negative momentum, strengthening selling positions. MATIC technical indicators: Levels and action Daily Simple Moving Average (SMA) Period Value Action SMA 3 $ 0.576766 BUY SMA 5 $ 0.573612 BUY SMA 10 $ 0.539345 BUY SMA 21 $ 0.465925 BUY SMA 50 $ 0.404057 BUY SMA 100 $ 0.403093 BUY SMA 200 $ 0.487578 BUY Daily Exponential Moving Average (EMA) Period Value Action EMA 3 $ 0.554956 BUY EMA 5 $ 0.54316 BUY EMA 10 $ 0.510156 BUY EMA 21 $ 0.461561 BUY EMA 50 $ 0.419527 BUY EMA 100 $ 0.426149 BUY EMA 200 $ 0.493379 BUY What to expect from MATIC price analysis next? The hourly price chart confirms bears are making efforts to prevent the MATIC price from an immediate surge. However, if MATIC’s price successfully breaks above $0.6291, it may surge higher and touch the resistance at $0.7297. MATIC/USDT Chart If bulls cannot initiate a surge, MATIC’s price may drop below the immediate support line at $0.5814, resulting in a correction to $0.5241. Is MATIC a good investment? MATIC token can be a good investment option in the long run as the project develops a roadmap for its Polygon 2.0 version. Polygon collaborates with diverse industries to enhance adoption, focusing on NFT solutions and Ethereum scalability. Partnerships include Starbucks for an NFT loyalty program and collaborations with Adidas, Prada, and Disney to develop NFT offerings. Why is Matic price down today? Following intense sell off around $0.64, MATIC price failed to maintain its buying demand. This resulted in a break below immediate Fib channels. Will MATIC price touch $1? Yes, Matic price might touch the $1 milestone by the end of 2024. However, this depends on the future market sentiment and buying demand. Will MATIC Price Reach $10? If everything remains good and MATIC gains regulatory recognition, its price might surpass $10 by 2030. Is MATIC a good long-term investment? As Polygon continues to expand its offerings, it gains a significant position in the altcoin market. Hence, MATIC can be a good long-term investment option. Recent news/ Opinions on MATIC According to Ali Charts, Polygon whales have accumulated more than 59 million POL tokens within the past 48 hours. This significant increase in activity from large holders suggests a growing confidence in the Polygon network. MATIC price prediction December 2024 Following Donald Trump’s election victory, the crypto market witnessed a robust price surge. As a result, the altcoin market skyrocketed, resulting in a bull run in the Polygon price. However, analysts expect a steady surge in crypto market prices following a bearish October. We expect MATIC to record a minimum price of $0.57 and a maximum price of $0.72, with an average of $0.6 in December. MATIC Price Prediction Potential low Potential average Potential high MATIC Price Prediction December 2024 $0.57 $0.6 $0.72 MATIC price prediction 2024 Based on our thorough technical analysis of MATIC’s historical price data, we anticipate Polygon’s price in 2024’s end to range between a minimum of $0.57 and a maximum of $0.72, with an average trading price around $0.6. See also dYdX price prediction 2024 – 2030: Will dYdX hit $10? MATIC Price Prediction Potential low Potential average Potential high MATIC Price Prediction 2024 $0.57 $0.6 $0.72 MATIC Price Predictions 2025-2030 Year Minimum Price Average Price Maximum Price 2025 $1.34 $1.39 $1.57 2026 $2.07 $2.12 $2.39 2027 $3.03 $3.11 $3.60 2028 $4.28 $4.43 $5.36 2029 $6.08 $6.26 $7.41 2030 $8.93 $9.18 $10.51 Polygon price prediction 2025 Ethereum fees increase dramatically during a bull market, making it too expensive for regular cryptocurrency users. That’s why Polygon became popular during the last bull market. But this time, in 2025, Polygon has tougher competition from Arbitrum, Optimism, and Starknet. However, Polygon’s Proof of Stake (PoS) chain can handle up to 65,000 transactions per second (TPS) and is cheaper than chains like Arbitrum and Optimism. Hence, increasing adoption might drive up its price in 2025. In 2025, the price of Polygon is forecasted to reach a minimum level of $1.34. It’s anticipated to achieve a maximum level of $1.57, with an average price of $1.39 throughout the year. MATIC price forecast for 2026 Polygon has made PolygonzkEVM available to everyone, making it one of the first ZK Rollups to do so. This is a big step forward for Polygon and gives it an advantage. With its growing use by businesses, innovative technology, and past success, Polygon could reach a new all-time high in 2026. According to the forecast and technical analysis, Polygon’s price is expected to hit a minimum of $2.07 in 2026. The maximum price projection is $2.39, with an average value of $2.12. Polygon (MATIC) price prediction 2027 In 2027, one Polygon is anticipated to reach a minimum price of $3.03. The maximum projection for MATIC price is $3.60, with an average price of $3.11 for the year. Polygon price prediction 2028 For 2028, the price of Polygon is predicted to attain a minimum value of $4.28. The maximum value could soar to $5.36, with an average trading price of $4.43 throughout the year. Polygon price prediction 2029 In 2029, Polygon’s price is forecasted to bottom out at $6.08. The maximum possible level for MATIC price could hit $7.41, with an average forecast price of $6.26. Polygon (MATIC) price prediction 2030 Looking ahead to 2030, Polygon’s price is expected to reach a minimum of $8.93. The maximum projection is $10.51, with an average trading price of $9.18. MATIC price prediction 2024 – 2030 MATIC price prediction by experts Firm Name 2024 2025 Coincodex $2.24 $3.56 Digital Coin Price $1.72 $2.84 Changelly $1.38 $2.01 Cryptopolitan’s MATIC price prediction Cryptopolitan is bullish on MATIC’s future market potential. We anticipate Polygon’s price in 2024 to range between a minimum of $0.9012 and a maximum of $1.03, with an average trading price of around $0.9298. However, its future market sentiment entirely depends on the SEC’s stance, global regulation, and investor interest. MATIC historic price sentiment MATIC price history MATIC debuted in 2019, initially valued below a cent. Maintained a steady level around $0.02 for the following two years. The transformation of MATIC into Polygon in 2021 led to significant growth. Surged past the $1 mark in May 2021, eventually peaking over $2. Notably, on December 27, 2021, Polygon reached an all-time high of $2.92. However, in 2022, the token struggled, dipping below $1 in May. It experienced several market crashes throughout the year, falling below $0.50 in June. There was a brief resurgence above $1 in August. By the end of 2022, Polygon closed at $0.7585, reflecting a significant 70% decline. The following year, 2023, saw mixed performance for Polygon. It broke the $1 threshold in February but faced setbacks, such as dropping to $0.5593 in June due to Crypto.com news. Nonetheless, it peaked at $0.8775 on July 13. The token then experienced a decline to $0.4946 on September 11. Recovering momentum, it reached $0.9789 on November 14. As of January 16, 2024, Polygon was trading at approximately $0.8514. However, the price slowly recovered and recorded a high of $1.4 in March. In the weeks of April and May, MATIC price declined heavily and consolidated below $0.8. In June and July, the price of MATIC declined heavily as it headed toward $0.4. In recent weeks of August, the price of Matic has been consolidating between $0.4-$0.6. By the end of September, the price of Matic attempted to surge above $0.45. In October, the price surged toward $0.39; however, it failed to hold that momentum. In November, the price of MATIC made remarkable surges. Following Donald Trump’s victory, Matic price surged toward $0.63.
