Polygon Price Prediction: Can MATIC Bulls Lift the Price Beyond $1 in 2023?

Key Takeaways

• Polygon’s price continues to decline as the bulls fail to regain their dominance over the rally.
• The price displays a tendency to remain within a steep bearish trend, which may hamper the strength of the bulls in the coming days.
• The technicals continue to remain bearish, with fewer possibilities of a bullish reversal that could shed more gains. 

Polygon Overview as of August 18, 2023

Polygon Price	$0.5798
24 Price Change	-6.01%
7D Price Change	-15.22%
Market Cap	$5.46 billion
Circulating Supply	9.31 billion
Trading Volume (24-Hour)	$441.74 million
ATH	$2.92
Fear-Greed Index	37 (Fear)
Sentiment	Bearish
Volatility	5.42%
Green Days	13/30 (43%)

Polygon Technical Analysis

Bullish	18%
Bearish	82%

Source: Tradingview

• The MATIC price has been trading within a falling wedge ever since the price faced rejection from the yearly highs.
• After the rejection from levels around $0.9, the trend has been maintaining a steep descending trend, testing the lower support of the wedge.
• The price is making every effort to trigger a bullish breakout but the volume does not seem to be in favor of the bulls.
• Besides, the RSI is closer to validating a rebound after testing the support zone, which may lift the price above the bearish influence.
• On the contrary, if the selling pressure accumulates, then a steep drop could drag the price close to the lower support level of $0.445.

Read More: Arbitrum Price Prediction

MATIC Price Prediction 2023-2030

Year	Minimum Price / Maximum Price
2023	$0.95 to $1.15
2024	$4.2 to $4.8

Polygon Price Prediction August 2023

The Polygon price traded within a steep bearish trend for over a month and began the monthly trade on a consolidated note. The price maintained a considerable trend for the first half of the month, resulting in a steep, bearish trend that prevailed over the past few days. No matter, the Polygon price is trying hard to trigger a healthy rebound, but the trend remains under bearish influence. 

As the markets have swept in favor of bears, the Polygon price is believed to maintain a bearish trend for an extended period. The buying volume is slowly rising, which suggests the price could undergo a notable trend reversal soon. If this materializes, then the price could close the monthly trade at $0.585 to $0.6

Polygon Price Prediction September 2023

With the price triggering a healthy rebound in the last few days of August, the trend is expected to remain inflated, aiming to reach higher targets. The token may attract bearish action after marking the monthly highs at around $0.65. The price could then drop notably, which may be followed by a consolidation. 

As the trade advances, the bearish action could spike, causing significant variation in the price. The token could constantly test the lower highs, intending to attract the bulls, while the bears may continue to dominate. By the end of the month, the price is expected to trade around $0.55 to $0.58.

Polygon Price Prediction October 2023

The market participants are believed to remain bullish, regardless of the bearish pressure hovering over the MATIC price. The price may halt the bearish trend to some extent, which may pave the way for the bulls to utilize their accumulated strength and rise finely in the coming days. By the end of the first half of the month, the MATIC price is believed to have maintained a consistent trend below $0.62.

In the second half of the month, the token could get the required boosts to trigger a decent rebound. The trend could maintain a notable upswing for the rest of the month, aiming to test the upper targets. By the end of the month, the MATIC price is expected to trade around $0.65 to $0.67.

Polygon Price Prediction November 2023

The last quarter of the year has been largely bullish compared to previous years; hence, a similar trend is expected to repeat. The MATIC price has displayed acute strength in the past and soared high, regardless of the price action of the other cryptos. Therefore, the crypto could maintain a consolidated upswing for the rest of the year, aiming to rise above the major resistance at $0.8. 

As the trade enters the last week, the volatility is expected to spike significantly, which may lift the price slightly higher. Although the trend may remain under bearish supervision, the bulls may somehow assist the price to rise by 10% to 15%. By the end of the month, the MATIC price is believed to trade around $0.75 to $0.079. 

Polygon Price Prediction December 2023

With the price entering the last month, the volatility is expected to rise sharply, impacting the price to a large extent. The trend could remain elevated as the bears could remain passive for a while. Until the end of the first half of the month, the MATIC price may reach levels close to $0.82 which may flash the possibility of reaching beyond $0.9 by the month’s end.

However, with the beginning of the second half of the month, the price could witness a minor bearish action, which may not trigger a pullback but restrict the price from rising ahead. Besides, the rally may continue to remain under bullish influence, and as a result, the MATIC price could rebound and rise in no time. By the end of the month, the Polygon price is believed to trade around $0.85 to $0.88.

Polygon Price Prediction 2024

The beginning of the year 2024 is expected to be largely bullish, with the Polygon price surpassing not only $0.9 resistance but may move ahead to test the crucial resistance at $1. After tough competition with the bears, the price may finally make it above these levels by the end of Q1 and soon attract bearish attention, triggering a minor pullback. The pullback may prevail throughout the second quarter, and the price may trigger a healthy rebound by the end. 

During the second quarter, the MATIC price may experience a significant upswing, with the price forming a constant higher high and low, displaying the growing strength of the bulls. The price may quickly regain its levels at $1 and further maintain a healthy upward trend for the rest of the year. By the end of the year, the Polygon price could trade around $1.12 to $1.2. 

Additional Read: Ethereum Price Prediction

Polygon Price Prediction 2025

The bullish trend that was triggered in the last few days of the year is expected to intensify in the days ahead. The upswing may further transform into a bull run, aiming to form a new ATH in the coming days. By the end of the year’s first half, the Polygon price is believed to trade around $1.6 to $1.95 and maintain a steep upswing ahead. 

In the year’s second half, the price may rise above $2 and preserve the upswing until it marks a new ATH above $3.2 by the end of the third quarter. This may attract bearish attention, which may quickly begin to shed huge gains. By the end of the year, the price may trade around $2.5 to $2.8 after marking highs at $3.4.

Polygon Price Prediction 2026

The price is expected to begin the 2026 trade on a bearish note that was triggered during the last few weeks of 2026. The pullback could intensify as the trade advances and further transform into a bear market as the trade approaches the end of the first half. By then, the Polygon price may have shed more than 40% to 45% of its value due to a massive accumulation of selling pressure. 

The trend may continue to remain under bearish influence during the second half of the year, as the rally may preserve a deep descending trend. Despite the bull’s attempts to trigger a rebound, it may result in the rally plunging to test the lower support. Therefore, by the end of the year 2024, the MATIC price could trade around $1.75 to $1.8.

Polygon Price Prediction 2027

The trend is believed to remain consolidated for the first few weeks of the year, where-in the price may shed some more gains before halting the bearish trend. By the end of the first quarter, the bulls may begin to showcase their strength, causing the rally to trigger a healthy rebound. In the second quarter, the price may begin to trade in an elevated manner, aiming to regain lost levels. 

During the year’s second half, the MATIC price is believed to set up a decent rebound that could lead to a notable upswing. As the trade approaches the end of the year, the trend could begin with a recovery phase. By the end of the year, the price may trade between $2.34 to $2.5.

Polygon Price Prediction 2028

The trend could maintain a consistent upswing since the beginning of the year, with the price trading vertically. The price may further begin to test higher targets, showcasing the possibility of testing the upper levels. As the trade approaches the end of the H1 trade, the volatility may spike, enabling the price to trigger huge swings to reach higher targets. 

In the year’s second half, the price may trigger a fine recovery phase, which may further transform into a minor bull run in Q3 2028. During the last quarter of the year, the bull run is expected to intensify, causing a steep price rise beyond the precious highs and forming a new ATH beyond $5 at the end.

Polygon Price Prediction 2029

The upswing is believed to continue as the highs of the prevailing bull run may not have been reached yet. The price could rise sharply to reach levels beyond $6.5, where it may reach a new ATH, attracting bearish attention. Similar to previous rallies, the MATIC price may trigger a steep correction after the bull run, causing the price to shed the maximum of its gains. 

The trend could maintain a descending trend for the rest of the year, while the bulls may fail to trigger a healthy rebound. The correction phase may prevail until the end of the third quarter, while the price could drop below $5. By the end of the year, the markets may face another bearish attack, dragging the price below $4.5 at the end of the year. 

Polygon Price Prediction 2030

The bearish trend could continue to prevail since the beginning of the year, which may compel the bulls to remain passive. The price could maintain constant lower highs and lows, due to which it may constantly test the lower support throughout the first half of the year. However, by the end of the H1 trade, a decent rebound may kick in, halting the bearish impact to some extent. 

Further, during the year’s second half, the price may begin to rise, testing the interim higher targets. The token may constantly achieve the higher resistance, which may cause the bears to remain inactive for a while. By the end of the year, the Polygon price is believed to trade around $5.2 to $5.5.

Will the Polygon Price Rise Again in 2023?

Polygon has been displaying acute strength since the beginning of the year as the bulls have maintained significant dominance. Regardless of the bearish impact, the MATIC price could continue to rise for the rest of 2023. 

Futures Trading on CoinDCX App!

CoinDCX, India’s leading crypto exchange, offers the best platform for spot trading and futures. With a wide variety of trading pairs and deep liquidity, futures trading with CoinDCX is simple and safe, which is assisted by advanced trading tools. So to begin with, all you need to do is download the Crypto Investment App for Beginners and register. 

FAQs