Key Takeaways
- MATIC price surges toward $0.73 following increased buying pressure.
- MATIC price prediction for 2024 expects the price of MATIC to surge toward $1.03.
Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts are eagerly anticipating the future valuation of its native cryptocurrency, MATIC. This raises the question: Can MATIC price reach $10?
This forecast for Polygon’s price examines factors such as ecosystem trends, adoption rates, underlying technology, and technical analysis to project the MATIC price prediction from 2024 to 2030.
Overview
| Cryptocurrency | Polygon |
| Ticker Symbol | MATIC |
| Rank | 12 |
| Price | $0.73 |
| Price Change 24H | 2.2% |
| Market Cap | $7,240,424,326 |
| Circulating Supply | 9,899,469,069.28 MATIC |
| Trading Volume 24H | $210M |
| All Time High | $2.92 |
| All Time Low | $0.003012 |
MATIC Price Prediction: Technical Analysis
| Metric | Value |
| Current Price | $0.729692 |
| Price Prediction | $0.844773 (16.87%) |
| Volatility | 12.00% |
| 50-Day SMA | $0.873786 |
| 14-Day RSI | 45.09 |
| Sentiment | Bearish |
| Fear & Greed Index | 48 (Neutral) |
| Green Days | 14/30 (47%) |
| 200-Day SMA | $0.831032 |
MATIC price analysis: MATIC price faces a surge in buying confidence
- MATIC price analysis shows a bullish pressure as it faces a surge toward the $0.73 mark.
- Resistance for MATIC is present at $0.7757
- Support for MATIC/USD is present at $0.6783
The MATIC price analysis for 3 May confirms that MATIC is facing a strong buying demand around the $0.73 level. As a result, the price continues to gain buying demand near each support line.
MATIC price analysis 1-day chart: Polygon surges toward $0.73
Analyzing the daily price chart of Polygon, MATIC’s price witnessed a bullish rally after bears were unsuccessful in pushing the altcoin below immediate Fib levels. Over the last 24 hours, MATIC price has been consolidating above the $0.7 mark as bears failed to validate a clear trend below the support line of $0.63. The 24-hour volume declined to $30 million, showing a decreased interest in trading activity today. MATIC price is currently trading at $0.73, increasing by over 2.2% in the last 24 hours.
The RSI-14 trend line has surged from its previous level and currently hovers around 45-level, showing that bulls are slowly gaining the momentum of the price. The SMA-14 level suggests upward volatility in the next few hours.
MATIC/USD 4-hour price chart: Bulls aim for a surge above EMA trend lines
The 4-hour MATIC price chart suggests MATIC price continues to experience bearish activity around EMA lines, creating a negative sentiment on the price chart. As the price continues to face resistance near immediate Fib level, bulls are aiming to prevent further declines by sending the price above EMA20.
The BoP indicator is trading in a bullish region at 0.48, hinting that buyers are trying to build pressure near resistance levels and boost an upward correction.
Additionally, the MACD trend line has formed green candles above the signal line and the indicator aims for a positive momentum, strengthening buying positions.
MATIC Technical Indicators: Levels And Action
Daily Simple Moving Average (SMA)
| Period | Value | Action |
| SMA 3 | $0.706688 | BUY |
| SMA 5 | $0.699104 | BUY |
| SMA 10 | $0.753720 | SELL |
| SMA 21 | $0.735258 | SELL |
| SMA 50 | $0.873786 | SELL |
| SMA 100 | $0.908911 | SELL |
| SMA 200 | $0.831032 | SELL |
Daily Exponential Moving Average (EMA)
| Period | Value | Action |
| EMA 3 | $0.704491 | BUY |
| EMA 5 | $0.716066 | BUY |
| EMA 10 | $0.758185 | SELL |
| EMA 21 | $0.831950 | SELL |
| EMA 50 | $0.908883 | SELL |
| EMA 100 | $0.910767 | SELL |
| EMA 200 | $0.870086 | SELL |
What to expect from MATIC price analysis next?
The hourly price chart confirms bears are making efforts to prevent the MATIC price from an immediate surge. However, if MATIC price successfully breaks above $0.7757, it may surge higher and touch the resistance at $0.8986.
If bulls cannot initiate a surge, MATIC price may drop below the immediate support line at $0.6783, resulting in a correction to $0.5812.
Is MATIC A Good Investment?
MATIC token can be a good investment option in the long run as the project develops a roadmap for its Polygon 2.0 version. Additionally, Polygon collaborates with diverse industries to enhance adoption, focusing on NFT solutions and Ethereum scalability. Partnerships include Starbucks for an NFT loyalty program, and collaborations with Adidas, Prada, and Disney to develop NFT offerings.
Recent News/Opinions on MATIC
- Polygon records new ATH in daily active addresses, suggesting continuous adoption of the network.
MATIC Price Prediction May 2024
Last month’s Bitcoin halving event failed to push the prices of several altcoins and MATIC is one of them. Despite Polygon 2.0 update, MATIC price continues to struggle in regaining its momentum above the $1 mark.
However, analysts now expect a steady surge in crypto market prices following a bearish April and we expect MATIC price to record a minimum price of $0.51 and a maximum price of $0.9, with an average of $0.7 in May.
| MATIC Price Prediction | Potential Low | Potential Average | Potential High |
| MATIC Price Prediction May 2024 | $0.51 | $0.7 | $0.9 |
MATIC Price Prediction 2024
Following the Bitcoin halving in April, analysts expect a bull market in 2024, especially with institutions rushing for Bitcoin spot ETF approvals. This anticipation suggests Polygon might hold an upward trend in 2024, though regulatory uncertainties could halt its growth, as seen with XRP in the previous bull run due to an SEC lawsuit.
Yet, MATIC, integral to Polygon’s ecosystem, may be deemed a currency or commodity rather than a security, given its utility in paying gas fees. Notably, Polygon boasts the highest enterprise adoption among Ethereum scaling solutions, with major players like Starbucks, Nike, Reddit, and Facebook building on its network. This suggests that despite regulatory concerns, corporate interest could trigger Polygon’s bullish momentum in the 2024 market.
Based on our thorough technical analysis of MATIC’s historical price data, we anticipate Polygon’s price in 2024 to range between a minimum of $0.9012 and a maximum of $1.03, with an average trading price around $0.9298.
| MATIC Price Prediction | Potential Low | Potential Average | Potential High |
| MATIC Price Prediction 2024 | $0.9012 | $0.9298 | $1.03 |
MATIC Price Predictions 2025-2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $1.34 | $1.39 | $1.57 |
| 2026 | $2.07 | $2.12 | $2.39 |
| 2027 | $3.03 | $3.11 | $3.60 |
| 2028 | $4.28 | $4.43 | $5.36 |
| 2029 | $6.08 | $6.26 | $7.41 |
| 2030 | $8.93 | $9.18 | $10.51 |
Polygon Price Prediction 2025
During a bull market, fees for using Ethereum increase a lot, making it too expensive for regular cryptocurrency users. That’s why Polygon became really popular during the last bull market. But this time around, in 2025, Polygon has tougher competition from Arbitrum, Optimism, and Starknet.
However, Polygon’s Proof of Stake (PoS) chain can handle up to 65,000 transactions per second (TPS) and is cheaper to use compared to chains like Arbitrum and Optimism. Hence, increasing adoption might drive up its price in 2025.
In 2025, the price of Polygon is forecasted to reach a minimum level of $1.34. It’s anticipated to achieve a maximum level of $1.57, with an average price of $1.39 throughout the year.
MATIC Price Forecast for 2026
Polygon has just made PolygonzkEVM available to everyone, making it one of the first ZK Rollups to do so. This is a big step forward for Polygon and gives it an advantage.
With its growing use by businesses, innovative technology, and past success, Polygon could reach a new all-time high in 2026.
According to the forecast and technical analysis, the price of Polygon is expected to hit a minimum of $2.07 in 2026. The maximum price projection stands at $2.39, with an average value of $2.12.
Polygon (MATIC) Price Prediction 2027
In 2027, one Polygon is anticipated to reach a minimum price level of $3.03. The maximum projection for MATIC price is $3.60, with an average price of $3.11 for the year.
Polygon Price Prediction 2028
For 2028, the price of Polygon is predicted to attain a minimum value of $4.28. The maximum value could soar to $5.36, with an average trading price of $4.43 throughout the year.
Polygon Price Prediction 2029
In 2029, Polygon’s price is forecasted to bottom out at $6.08. The maximum possible level for MATIC price could hit $7.41, with an average forecast price of $6.26.
Polygon (MATIC) Price Prediction 2030
Looking ahead to 2030, the price of Polygon is expected to reach a minimum of $8.93. The maximum projection stands at $10.51, with an average trading price of $9.18 throughout the year.
MATIC Price Prediction: By Experts
| Firm Name | 2024 | 2025 |
| Coincodex | $2.24 | $3.56 |
| Digital Coin Price | $1.72 | $2.84 |
| Changelly | $1.38 | $2.01 |
Cryptopolitan’s MATIC Price Prediction
Cryptopolitan is bullish on MATIC’s future market potential as we anticipate Polygon’s price in 2024 to range between a minimum of $0.9012 and a maximum of $1.03, with an average trading price around $0.9298.
However, its future market sentiment entirely depends on SEC’s stance, global regulation and interest from investors.
MATIC Historic Price Sentiment
- MATIC debuted in 2019, initially valued below a cent.
- Maintained a steady level around $0.02 for the following two years.
- The transformation of MATIC into Polygon in 2021 led to significant growth.
- Surged past the $1 mark in May 2021, eventually peaking over $2.
- Notably, on December 27, 2021, Polygon reached an all-time high of $2.92.
- However, in 2022, the token struggled, dipping below $1 in May.
- Throughout the year, it experienced several market crashes, falling below $0.50 in June.
- There was a brief resurgence above $1 in August.
- By the end of 2022, Polygon closed at $0.7585, reflecting a significant 70% decline.
- The following year, 2023, saw mixed performance for Polygon.
- It broke the $1 threshold in February but faced setbacks, such as dropping to $0.5593 in June due to Crypto.com news.
- Nonetheless, it peaked at $0.8775 on July 13.
- The token then experienced a decline to $0.4946 on September 11.
- Recovering momentum, it reached $0.9789 on November 14.
- As of January 16, 2024, Polygon was trading at approximately $0.8514.
