Matic Makes Breakthrough on Weekly Timeframe

Key Points

• Matic’s price is breaking the Symmetrical Triangle that has been in place for approximately two years.
• The breakout must be confirmed for the bullish projection to hold, a confirmation that would entail continued formation of higher lows.
• Given current trends, Matic holds significant upside potential, especially if we witness an incoming bull market.

JustInvestNews ‘Hot Take’

Assuming that the breakout in Matic’s weekly timeframe successfully holds, we may be on the precipice of witnessing some substantial bullish momentum within this cryptocurrency. This could truly test Matic’s resilience, showcasing whether it can not only break away from a two-year symmetrical triangle but also maintain a steady ascent with higher lows. If these conditions are met, Matic may offer enormous upside potential, particularly if an overall bullish market trend comes into play.

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Original article: https://www.tradingview.com/chart/MATICUSDT/uM9TD69N-Matic-Sleeping-Giant/