Community Forex Questions
Will MATIC price reach $2?
Now that the psychological price of one dollar has been reached, MATIC should aim for the next psychological target, two dollars. However, there is a significant resistance to be overcome first, which is the $1.35 and $1.8 price levels. If MATIC manages to break through those two resistances, we can predict a MATIC price of $2 in the near future.
On the other hand, we anticipate that MATIC prices will be volatile due to the upcoming Ethereum merger. This is due to the fact that Polygon is a layer 2 solution for Any disruption in Ethereum's ecosystem may have an impact on layer 2s, including MATIC. As a result, we recommend reevaluating open positions in September 2022 and considering adding stop-loss prices.
https://polygon.technology/
On the other hand, we anticipate that MATIC prices will be volatile due to the upcoming Ethereum merger. This is due to the fact that Polygon is a layer 2 solution for Any disruption in Ethereum's ecosystem may have an impact on layer 2s, including MATIC. As a result, we recommend reevaluating open positions in September 2022 and considering adding stop-loss prices.
https://polygon.technology/
Aug 15, 2022 07:19