Matic Network [MATIC] Price Analysis Prediction

hello everyone. before moving on to the video we ask you to
support us and subscribe to our channel please. Matic Network, most recently rebranded to
Polygon will be listed on Coinbase alongside Skale and Sushi. Coinbase Ventures actually own MATIC tokens
from a 2019 investment but stated that it doesn't plan to sell for the foreseeable future. After the announcement from Coinbase, MATIC
price exploded by 60% within 48 hours, reaching a new all-time high of $0.34. Surprisingly, the trading volume of Polygon
didn't increase that much compared to the previous month. Since MATIC is in price discovery mode, we
can use the Fibonacci Retracement tool to find out potential new targets on the way
up. If the bulls can push MATIC price above the
previous high of $0.34, the digital asset could quickly rise towards $0.429 at the 127.2%
Fibonacci level and up to $0.475 at the 141.4% level. Additionally, the number of whales holding
between 1,000,000 and 10,000,000 coins has increased significantly since January 9 from
74 to 111 currently, adding credence to the bullish outlook. On the other hand, the MVRV chart is currently
at around 60%, which is a danger zone.

In the past, every time this indicator passed
this zone, MATIC price eventually had a significant correction. The nearest bearish price target is $0.27,
which is the 78.6% Fibonacci level. in the interest of brevity, MATIC price is
up by 60% in the past two days reaching new all-time highs at $0.34. The digital asset will be listed on Coinbase
on Thursday, March 11. The number of whales has significantly increased
in the past two months. Subscribe to our channel and open notifications
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investment tools. İn this video references an opinion and is
for information purposes only. It is not intended to be investment advice. Every investment and trading move involves
risk, you should do your own research while making a decision.

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