Polygon (MATIC) is a cryptocurrency gaining attention for its technology and ecosystem. Let’s explore its short, medium, and long-term price predictions based on market trends, technical analysis, and past performance.
Contents
Short-Term Predictions (2024)5-Day Prediction1-Month PredictionCurrent Market SentimentMedium-Term Predictions (2025)Price Range for 2025Long-Term Predictions (2030)Price Range for 2030Technical Analysis OverviewMoving Averages (As of June 19, 2024)Short-Term Moving AveragesWeekly Moving AveragesKey Support and Resistance LevelsCorrelation with Other CryptocurrenciesHistorical Price PerformancePredictions Summary
Short-Term Predictions (2024)
5-Day Prediction
- Price: $0.731362
1-Month Prediction
- Price: $0.667572
- Change: +17.28%
Current Market Sentiment
- Current Price: $0.572162
- Fear & Greed Index: 64 (Greed)
- Sentiment: Bearish
- Volatility: 7.32%
- Green Days (Last 30 days): 13 out of 30 (43%)
Medium-Term Predictions (2025)
Price Range for 2025
- Yearly Low: $0.569194
- Yearly High: $4.38
If Polygon reaches its high price in 2025, it could rise by 665.88% from its current value.
Long-Term Predictions (2030)
Price Range for 2030
- Yearly Low: $1.066072
- Yearly High: $6.62
By 2030, Polygon might grow by 1,056.25% if it reaches its highest predicted price.
Technical Analysis Overview
Moving Averages (As of June 19, 2024)
- 50-Day SMA: $0.690672
- 200-Day SMA: $0.841626
- 14-Day RSI: 28.85 (Oversold)
Short-Term Moving Averages
- SMA 3: $0.61699 (Sell)
- SMA 5: $0.620478 (Sell)
- SMA 10: $0.633048 (Sell)
- SMA 21: $0.66427 (Sell)
- EMA 3: $0.664587 (Sell)
- EMA 5: $0.681446 (Sell)
Weekly Moving Averages
- SMA 21: $0.744495 (Sell)
- SMA 50: $0.738011 (Sell)
- EMA 21: $0.782188 (Sell)
- EMA 50: $0.810237 (Sell)
Key Support and Resistance Levels
- Support Levels:
- S1: $0.52967
- S2: $0.502254
- S3: $0.474121
- Resistance Levels:
- R1: $0.585218
- R2: $0.613351
- R3: $0.640767
Correlation with Other Cryptocurrencies
- Positively Correlated: Cardano (ADA), Cosmos (ATOM), VeChain (VET), Polkadot (DOT), Bitcoin Cash (BCH)
- Negatively Correlated: Zeebu (ZBU), Rocket Pool (RPL), Ethereum Name Service (ENS), Fasttoken (FTN), Lido DAO Token (LDO)
Historical Price Performance
- 1-Year Performance: -6.01%
- 3-Year Performance: -58.34%
- YTD Performance: -40.99%
Predictions Summary
Polygon (MATIC) shows potential for significant growth in the long run despite current bearish sentiment and volatility. By 2025, it could reach $4.38, and by 2030, it might reach $6.62, reflecting its expanding use and technological advancements.
