A host of digital assets have seen an optimistic start to 2024 so far. Among those is none other than Polygon (MATIC) could grab a hold of growing bullish momentum to catapult itself to a $1.20 price. Especially as it continues to build off of what was a positive conclusion to 2023.
Investors of all sorts have looked toward the growing cryptocurrency sector to diversify their portfolios. Moreover, an increasing number of them have turned toward Polygon and its vast potential. Following a 2% rally on New Year’s Eve, could the stage could be set for an extended rally?
Also Read: Polygon MATIC Weekend Price Prediction
Momentum Could Carry Polygon (MATIC) to $1.20?
It seems as though the entire finance sector has embraced a renewed excitement about digital assets. Bitcoin’s continued ascension amid an impending approval of a Spot Bitcoin ETF, the entire industry should see some added increase from what could be a massive rally.
One token that is set to see its rally is Polygon (MATIC) which has shown signs of following bullish momentum to a $1.20 price. Specifically, one analyst took to X (formerly Twitter,) to discuss the mid-term target goal for the cryptocurrency while noting its rather strong showing over the last few weeks.
Also Read: Polygon Shows Signs of Breakout; Will MATIC Hit $5?
MATIC has “noticeably lagged” but still maintained the trajectory. Moreover, the projection coincides with other forecasts that have identified a $2 landmark price to be reached at some point in 2024. Additionally, crypto analyst, Ali Maritinez also discussed the potential breakout of the token.
Martinez identified the development of a symmetrical triangle pattern on the assets chart. Although it has not fully developed, he spoke of an increase to come. Especially with his target of $1.25 in mind, and further rallies toward the $1.82 level.