Even with the fluctuations of the crypto market during this year, Polygon (MATIC) can increase its value in the very near future. If the bullish signals are validated, MATIC has a great possibility of going up in its price.
As shared by analyst Ali Martinez, a chart shows MATIC's uptrend, it could rise to the $0,83 level.
# Polygon 🇧🇷 The TD Sequential presents two buy signals on $ MATIC 4hr chart. A red 9 and sequential 13 candlestick.
If validated, #MATIC could arise towards $0.80 or even $0.83. pic.twitter.com/KuOcxFD5LQ
— Ali (@ali_charts) December 19, 2022
At the time of publication, the price of Polygon is $0.797. MATIC price today is up 2.44% over the last 24 hours. Polygon has a market capitalization of $7.14B.
Polygon has high investment flows
On December 5, an announcement was made rise in investment flows from Polygon🇧🇷 As per the CoinShares cash flow report, MATIC attracted $300.000 in investments in the previous week. According to the data, Polygon had inflows of US$ 0,3 million.
It is worth remembering that, on the first day of the month, Polygon announced its integration with The Graph, a decentralized protocol used to index Web3 data. The integration would allow Polygon users to access open APIs to power their dApps. Node operators can also perform Polygon indexing to serve dApps running on the network and earn rewards.
