While popular crypto like Bitcoin, Ethereum are attempting to reverse the silent trend, Polygon(MATIC) price already made a huge move. The asset for a couple of days remained extremely bullish as it accumulated gains during a small consolidation. Soon after the asset gained some strength, the price broke through to leap long above $2.8.
Just a couple of days before, the MATIC price broke the previous ATH around $2.68 slicing through the pivotal levels around $2.55. Yet very soon, the bears initiated to extract their profits and hence experienced slight exhaustion before pulling its next leg up. Yet from the beginning of the present-day trade, the MATIC bulls gathered all their strength to uplift the price close to $3. Yet the asset is showcasing immense capability to pierce through the $3 milestone very soon.
The daily chart of the asset showcases immense bullish trends and the higher targets framed for the asset in the short term. The MATIC price is swinging with an ascending channel since it flipped the bearish trend in July. Despite multiple ups and downs, the trend continues to range within the channel and eventually discover new highs every new day.
Each time the asset hits the upper resistance levels, it experienced a slight pullback and consolidated a little. However, while the asset marked new highs a couple of days before, the pullback remained very short-lived and reversed the trend.
And hence, presently a similar trend may repeat with the MATIC price sliding close to $2.75 and then resuming with the bull run towards $3. The time frame may be extended for a couple of days more as the asset kick-started the weekly trade on a bullish note and may end it in a similar way too.