Polygon (MATIC) Price Prediction: Community Forecasts $0.885 as Robinhood Partnership Boosts Momentum

Polygon (MATIC) Sees Price Boost Following Robinhood Partnership

Polygon (MATIC) has garnered significant attention following its recent partnership with Robinhood, a popular trading platform. This collaboration has sparked optimism among investors, with the MATIC community predicting a price target of $0.885, representing a 14% increase from its current level.

Recent Price Action

At the time of writing, MATIC is trading at approximately $0.7758, reflecting a 4.64% increase over the past 24 hours. This upward movement has shifted its weekly performance into positive territory, with a 2.73% gain over the last week.

Technical Indicators Signal Bullish Momentum

The daily chart for MATIC/USDT shows a steady climb over the past three days, with the price surpassing the 9 EMA line and approaching the 20 EMA. Additionally, the RSI indicator has turned bullish, crossing above the RSI SMA line and moving towards overbought territory, suggesting continued upward momentum.

Community Sentiment and Predictions

Investors are increasingly bullish on MATIC, as evidenced by predictions on CoinMarketCap's Price Estimates tool. The community's forecast of $0.885 indicates confidence in MATIC's short-term growth potential.

Disclaimer

The information provided is for educational purposes only and should not be considered as investment advice. Readers are encouraged to conduct their own research and consult with financial advisors before making any investment decisions.

The post MATIC Price Prediction: Community Predicts $0.885 as Robinhood Partnership Drives Momentum first appeared on Coin Edition.