24-Hour Polygon (MATIC) Forecast
As per data, it is expected to increase to $0.27 within the next 24 hours.
Price Outlook
📈 Polygon rebounded from $0.234 support and cleared the 38.2% Fibonacci level at $0.250. Heikin-Ashi candles show consecutive green bodies, signaling a shift in momentum. Volume has risen on each dip, indicating strong demand. Holding above $0.250 opens the path toward $0.270 in the next day.
Technical Momentum
⚙️ The 50-hour SMA at $0.240 now supports price action, while the 200-hour SMA near $0.255 was breached. MACD is poised for a bullish crossover and RSI bounced from 28 to 52, confirming strength. Bollinger Bands have tightened around $0.248, suggesting an imminent breakout. Stochastic crossed above 20 from oversold territory.
On-chain strength
⛓️ Active addresses exceed 546,000 daily, a six-month high. Net outflows of 1.5 million MATIC from exchanges in the past 24 hours highlight accumulation. Staked supply remains at 70%, reducing circulating tokens. The NVT ratio at 40 suggests undervaluation compared to transaction activity.
Institutional flows
🏦 Futures open interest climbed 6% to $85 million, with funding rates at +0.006% per eight hours. Call skew at 112% on Deribit shows stronger demand for upside. Enhanced institutional inquiry around ZKEVM staking reflects growing confidence.
Market mood
😃 Social sentiment is firmly bullish as mentions of Polygon breakout surge by 30%. Google Trends show an 18% increase in “Polygon MATIC price” searches. Telegram polls indicate 68% of voters expect a higher close.
Macro Tailwinds
🌍 The DXY index dipped by 0.4%, easing headwinds for risk assets. Fed officials signaled a neutral stance, boosting altcoin appetite. Equity markets rallied, and Polygon’s correlation with the Nasdaq at 0.48 provides extra support.
Entry & Exit
🚪 Entry at $0.248–$0.250
🚪 Exit at $0.265–$0.270
• Summary
📌 Technical signals, on-chain accumulation, institutional flow, and tailwinds support an increase to $0.27 within 24 hours.
