Polygon MATIC Prediction (2021–2025)

Polygon is a framework and protocol to integrate Ethereum compatible blockchain networks.
Polygon network has its cryptocurrency known as MATIC.
MATIC is available to purchase on various crypto exchanges, including BuyUCoin. Users can use it to pay for instant payments, Decentralized Apps, or payment API.
MATIC’s current market price is ₹61.3 with a market capitalization of $5.07 Billion.
The current circulating supply of MATIC is 6.33 Billion.
MATIC is ranked 20th in the list of largest cryptocurrencies by market capitalization.
Short term Prediction (2021)
MATIC coin follows a downtrend after the Crypto crash in May 2021 and is currently trading at ₹61.3.
Focusing on technicals, the Relative Strength Index (RSI) has constantly been trading at a level of 40. It is not able to give up an upside move. The current market price is below 20,100 and 200 moving average.
The price was consolidating in a tight range of ₹101 and ₹85 for an extended period and has finally given a breakout on the downside.
The momentum and analysis favor a bearish behavior from MATIC shortly.
Daily traders can look for good shorting opportunities, whereas the long-term investors shall wait for the price to touch ₹40 to go long.
The current price of MATIC is trading below the 200 moving average, so the only buying opportunity in MATIC will arise when this resistance of 200 moving average will act as a support for MATIC.
However, if the market crosses the level of ₹40 and falls downsides, there would be good shorting opportunities because the next ultimate target would be ₹29, a robust demand zone.
Long term Prediction (2022–2025)
MATIC is designed for a long-term vision and has been the most profitable cryptocurrency in the past year. The fundamental and technical analysis shows enormous upside potential.
The price of MATIC is expected to reach ₹140 by the end of 2021, accompanied by a high level of volatility.
Relying on the analysis, the price of MATIC in 2022 could soar to ₹227 if it does not comes under supply pressure and a medium price of ₹518 by the end of 2025.
The long-term investors shall keep buying when there is a dip in the market. In contrast, the traders must heavily rely on the technical indicators actively and MATIC price action for their day-to-day trades.

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