MATIC price has seen a significant surge of 12-20% in the past 24-48 hours, driven by growing investor interest and whale accumulation. This has brought the price to a 60-day high.
Analysts are optimistic, forecasting a potential 450% rally. However, the Relative Strength Index (RSI) indicates overbought conditions, suggesting caution.
The planned transition of MATIC to the POL token on September 4th in a 1:1 exchange has also contributed to the price increase. Open Interest and trading volume have surged, reflecting increased market participation.
