Polygon (MATIC) has recently hit a two-year low price range of $0.34-$0.38, causing 97% of its holders to experience a loss. Despite this, some analysts are optimistic about MATIC's future, predicting a potential surge in its price. The expectations for price targets range from $1 to as high as $9.75.
For MATIC to initiate a bullish trend, it's crucial for the cryptocurrency to close above the $0.30 mark this week. Technical indicators like the Moving Average Convergence Divergence (MACD) and the Chaikin Money Flow (CMF) are showing hints of a possible upward movement.
