Polygon
Price Prediction
Polygon, MATIC could hit $2.51 in 2024
Polygon’s price prediction for the most bearish scenario will value MATIC at $0.78 in 2024.
Polygon’s previous All Time High was on 27 December 2021 where MATIC was priced at $2.92.
Polygon’s price at the same time last week was $1.27. It has moved by -18.36 % in the past week and is currently at $0.98. Infact, in the past 24 hours, MATIC has dumped by -1.66 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and MATIC could hit $5.23 in 2025.
The total circulating supply of Polygon as of writing this article was $9282943566.20 and the marketcap of MATIC remains at $9,138,895,171
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
MATIC price prediction: Key highlights
1. Primary support and resistance levels
- In the analysis of the weekly chart, it was identified that the lowest support level for MATIC lay at$0.51.
- Conversely, the highest point of resistance could be$1.7.
2. Market sentiment
- In March 2024, the market sentiment surrounding MATIC wasbullish, hinting atoverextendedconditions.
3. Predictive forecasts
- Based on our AI/ML predictive models, the average price of MATIC is projected to be$4.8 in 2025, with a future increase to around$40 in 2028.
Check out the comprehensive weekly technical analysis of MATIC, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:
MATIC technical analysis: The onset of a new bull run
Over the past year, MATIC has experienced significant volatility in its market trends. The present market sentiment appearedquite optimistic, butPolygon price prediction in 2024 will hinge on various factors.
The period under review began with thebulls vying to overcome the resistance at$1.18.In mid-March, the price slightly grazed the peak resistance at$1.25. Nonetheless, it was still unable to breach$1.18. By mid-April,bearshad successfully pushed the price below the crucial$1 threshold. The downtrend persisted, with the price dropping below$0.98 in May.
June saw a further decline, with the price grazing its lowest support level at$0.51. Attempts bybulls to rally were thwarted at$0.76 in mid-July, resulting in further declines. By September, the asset had returned to its lowest support level, paving the way for a stronger bullish rally starting in mid-October. This effort culminated in thealtcoin finally overcoming the$0.76resistance in November.
However, attempts to breach the$0.98resistance in mid-November and again in December faced rejections, leading to minor retractions. The bulls managed to stave off any declines at the$0.76support.
In February, the buyers rallied again. Thisrallywas noteworthy for overcoming all previous resistances. In March, MATIC even surpassed a significant resistance level at$1.18, signaling the potential for anotherbullish rally. Currently trading at$1.19, investors are now focusing on overcoming the next resistance level.
If the bulls manage to overcome the current price barrier, next in line would be$1.5and $1.7.The latter has not been breached since March 2022. Therefore, a concerted effort from thebulls will be necessary. The presence of healthy buying pressurecan elevate MATIC to as high as$2.
Amidst the transition of the network from MATIC to POL, abearish scenario might emerge as more probable, especially if the price dips below the current support level. This could lead to a decrease to$1. A pronounced bearish attack might lead MATIC back to as low as$0.98.
Our predictive AI/ML models project a robust uptrend that will persist. As per the models, the average price of the token is expected to be around$4.8 in 2025. This suggests that MATIC could surpass its all-time high (ATH) within the next year. By 2028, MATIC can likely attain an average trading price of around$40. This represents a massive appreciation of the asset’s value.
MATIC's 2024 roadmap: Key indicators to watch and trade
- The Moving Average Convergence Divergence (MACD) indicator initially showed strength, with the MACD line above the signal line, and both were positive. This trendreversedin April, as the MACD line dropped below the signal line, marking abearish crossover. Bearish momentum was confirmed as both lines moved below the zero line in May and June.
- Market sentiment began improving in October, evidenced by the MACD line crossing above the signal line, suggesting a potentialtrend reversal. Thebullish momentum was further solidified by the end of November, with the MACD line crossing above the zero line. This was followed by the signal line in January 2024.
- A decline in the positive value of the histogram was noted from December, with a more pronounced decrease by the end of January as the MACD line approached the signal line. This was reversed in mid-February as the histogram and the lines resumed their ascension.
- The latest values were as follows: histogram 0.0432, signal line0.0558, and MACD line0.0989. This suggested a high likelihood of continuedupwardprice momentum in the near future.
- The trading volume for MATIC remained low throughout thebearish dominance. In October, it began to recover following thebullish rally.
- This resurgence was slightlydampenedfollowing a rejection in January. Nevertheless, it picked up pace again from mid-February, climbing in tandem with the price. This indicated that the price increases were backed by growinginvestorconfidence in MATIC.
- Initially, the Bollinger Bands expanded significantly, but a slight contractionoccurred towards the end of April as the price fell below the 20-week Moving Average (MA). The bands then experienced further expansion in June when the price dropped below the lower band.
- Between mid and late October, the bands contracted, indicating reduced marketvolatility. During this period, the price began to recover, eventually rising above the 20 MA by the end of October.
- Further expansions of the bands were triggered by slight movements above the upper band in November, late December, and March. The price has since maintained its dominance over the 20 MA and the upper band. These movements are often viewed as signals of the market being potentiallyoverbought. However, in a strong uptrend, the price can remain overboughtfor extended periods.
Polygon Price Prediction
Polygon has had an eventful 2023. To simplify the latest MATIC price prediction, we have divided up the prediction by short term Polygon price prediction and long term Polygon price prediction. As of writing this article, MATIC had a trading volume of 457,071,914. Polygon has gone down by -3.16% in the past 30 days.
According to our analysis in the short term, Polygon price prediction for May 2024 shows the average price of MATIC at 1.36 and the highest possible price for May 2024 would be $1.46.
Further, according to our analysis in the long term, Polygon price prediction for September 2024 shows the average price of MATIC at 1.73 and the highest possible price for September 2024 would be $1.85.
Polygon's Short Term Price Prediction
Date | Avg Price | Lowest Price | Highest Price |
22 March 2024 | $1.05 | $0.98 | $1.13 |
23 March 2024 | $1.05 | $0.97 | $1.12 |
24 March 2024 | $1.02 | $0.94 | $1.09 |
25 March 2024 | $1.01 | $0.94 | $1.08 |
30 March 2024 | $1.05 | $0.97 | $1.12 |
4 April 2024 | $1.06 | $0.98 | $1.14 |
14 April 2024 | $1.09 | $1.01 | $1.16 |
May 2024 | $1.36 | $1.27 | $1.46 |
June 2024 | $1.45 | $1.35 | $1.56 |
July 2024 | $1.55 | $1.44 | $1.65 |
August 2024 | $1.64 | $1.52 | $1.75 |
September 2024 | $1.73 | $1.61 | $1.85 |
October 2024 | $1.82 | $1.69 | $1.94 |
November 2024 | $1.91 | $1.77 | $2.04 |
December 2024 | $2.00 | $1.86 | $2.14 |
Polygon price prediction 22 March 2024: Polygon's price for 22 March 2024 according to our analysis should range between $0.98 to $1.13 and the average price of MATIC should be around $1.05.
Polygon price prediction 23 March 2024: Polygon's price for 23 March 2024 according to our analysis should range between $0.97 to $1.12 and the average price of MATIC should be around $1.05.
Polygon price prediction 24 March 2024: Polygon's price for 24 March 2024 according to our analysis should range between $0.94 to $1.09 and the average price of MATIC should be around $1.02.
Polygon price prediction 25 March 2024: Polygon's price for 25 March 2024 according to our analysis should range between $0.94 to $1.08 and the average price of MATIC should be around $1.01.
Polygon price prediction 30 March 2024: Polygon's price for 30 March 2024 according to our analysis should range between $0.97 to $1.12 and the average price of MATIC should be around $1.05.
Polygon price prediction 4 April 2024: Polygon's price for 4 April 2024 according to our analysis should range between $0.98 to $1.14 and the average price of MATIC should be around $1.06.
Polygon price prediction 14 April 2024: Polygon's price for 14 April 2024 according to our analysis should range between $1.01 to $1.16 and the average price of MATIC should be around $1.09.
Polygon price prediction May 2024: Polygon's price for May 2024 according to our analysis should range between $1.27 to $1.46 and the average price of MATIC should be around $1.36.
Polygon price prediction June 2024: Polygon's price for June 2024 according to our analysis should range between $1.35 to $1.56 and the average price of MATIC should be around $1.45.
Polygon price prediction July 2024: Polygon's price for July 2024 according to our analysis should range between $1.44 to $1.65 and the average price of MATIC should be around $1.55.
Polygon price prediction August 2024: Polygon's price for August 2024 according to our analysis should range between $1.52 to $1.75 and the average price of MATIC should be around $1.64.
Polygon price prediction September 2024: Polygon's price for September 2024 according to our analysis should range between $1.61 to $1.85 and the average price of MATIC should be around $1.73.
Polygon price prediction October 2024: Polygon's price for October 2024 according to our analysis should range between $1.69 to $1.94 and the average price of MATIC should be around $1.82.
Polygon price prediction November 2024: Polygon's price for November 2024 according to our analysis should range between $1.77 to $2.04 and the average price of MATIC should be around $1.91.
Polygon price prediction December 2024: Polygon's price for December 2024 according to our analysis should range between $1.86 to $2.14 and the average price of MATIC should be around $2.00.
Polygon's Long Term Price Prediction
Polygon’s long term Price Prediction below is a look at MATIC’s future prospect with regards to price. Polygon was last seen at $0.98, with a market cap of $9,138,895,171 and trading volumes of $457,071,914. MATIC’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
Years | Avg Price | Lowest Price | Highest Price |
2024 | $2.09 | $1.67 | $2.51 |
2025 | $4.36 | $3.49 | $5.23 |
2026 | $9.10 | $7.28 | $10.93 |
2027 | $19.00 | $15.20 | $22.81 |
2028 | $39.67 | $31.74 | $47.60 |
2029 | $82.81 | $66.24 | $99.37 |
2030 | $172.85 | $138.28 | $207.42 |
2031 | $360.80 | $288.64 | $432.96 |
2032 | $753.13 | $602.51 | $903.76 |
2033 | $1572.09 | $1257.67 | $1886.50 |
2035 | $6849.91 | $5479.93 | $8219.89 |
Polygon price prediction 2024: Polygon's price for 2024 according to our analysis should range between $1.67 to $2.51 and the average price of MATIC should be around $2.09.
Polygon price prediction 2025: Polygon's price for 2025 according to our analysis should range between $3.49 to $5.23 and the average price of MATIC should be around $4.36.
Polygon price prediction 2026: Polygon's price for 2026 according to our analysis should range between $7.28 to $10.93 and the average price of MATIC should be around $9.10.
Polygon price prediction 2027: Polygon's price for 2027 according to our analysis should range between $15.20 to $22.81 and the average price of MATIC should be around $19.00.
Polygon price prediction 2028: Polygon's price for 2028 according to our analysis should range between $31.74 to $47.60 and the average price of MATIC should be around $39.67.
Polygon price prediction 2029: Polygon's price for 2029 according to our analysis should range between $66.24 to $99.37 and the average price of MATIC should be around $82.81.
Polygon price prediction 2030: Polygon's price for 2030 according to our analysis should range between $138.28 to $207.42 and the average price of MATIC should be around $172.85.
Polygon price prediction 2031: Polygon's price for 2031 according to our analysis should range between $288.64 to $432.96 and the average price of MATIC should be around $360.80.
Polygon price prediction 2032: Polygon's price for 2032 according to our analysis should range between $602.51 to $903.76 and the average price of MATIC should be around $753.13.
Polygon price prediction 2033: Polygon's price for 2033 according to our analysis should range between $1257.67 to $1886.50 and the average price of MATIC should be around $1572.09.
Polygon price prediction 2035: Polygon's price for 2035 according to our analysis should range between $5479.93 to $8219.89 and the average price of MATIC should be around $6849.91.
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A Historical look at Polygon, MATIC’s price
MATIC/USD Pair
MATIC
USD
21 March 2021
0.38
MATIC
USD
21 March 2022
1.46
380.27
MATIC
USD
21 March 2023
1.11
75.91
MATIC/Euro Pair
MATIC
EUR
21 March 2021
0.32
MATIC
EUR
21 March 2022
1.33
411.4
MATIC
EUR
21 March 2023
1.04
78.21
MATIC
EUR
22 March 2024
0.9
87.63
FAQs about Polygon
What is the price of Polygon as of today 22 March 2024?
Polygon’s current price is $0.98 and witnessed a -1.66% decrease in the past 24 hours. MATIC/BTC pair saw a 1.70% increase in the past 24 hours
Is MATIC a good investment?
Investing in Polygon, MATIC will purely depend on your personal risk appetite. As you can see over the past 24 hours Polygon’s price has witnessed a -1.66% decrease and over the past 30 days Polygon has decrease by -3.16%. So it all depends on if this investment will hit your trading goals.
How high can Polygon’s price go this year in 2024?
According to our latest Polygon Price prediction for 2024, MATIC should vary between $2.51 and $1.67. Please keep in mind that the crypto market is very volatile and this Polygon price prediction does not account for extreme wild swings in price.
How much will the Polygon be worth in 2024 ?
As per the Polygon price prediction 2024 model above, MATIC’s price for March 2024 should range between $1.67 to $2.51 with the average price for March being $2.09
How much will Polygon be worth in 2025?
According to the Polygon Price Prediction model above, MATIC’s price in 2025 would be $4.36. This price would however would range from $5.23 and $3.49.
How much will Polygon be worth in 2026?
According to the Polygon Price Prediction model above, MATIC’s price in 2026 would be $9.10. This price would however would range from $10.93 and $7.28.
How much will Polygon be worth in 2027?
According to the Polygon Price Prediction model above, MATIC’s price in 2027 would be $19.00. This price would however would range from $22.81 and $15.20.
How much will Polygon be worth in 2028?
According to the Polygon Price Prediction model above, MATIC’s price in 2028 would be $39.67. This price would however would range from $47.60 and $31.74.
How much will Polygon be worth in 2029?
According to the Polygon Price Prediction model above, MATIC’s price in 2029 would be $82.81. This price would however would range from $99.37 and $66.24.
How much will Polygon be worth in 2030?
According to the Polygon Price Prediction model above, MATIC’s price in 2030 would be $172.85. This price would however would range from $207.42 and $138.28.
How much will Polygon be worth in 2031?
According to the Polygon Price Prediction model above, MATIC’s price in 2031 would be $360.80. This price would however would range from $432.96 and $288.64.
How much will Polygon be worth in 2032?
According to the Polygon Price Prediction model above, MATIC’s price in 2032 would be $753.13. This price would however would range from $903.76 and $602.51.
How much will Polygon be worth in 2033?
According to the Polygon Price Prediction model above, MATIC’s price in 2033 would be $1572.09. This price would however would range from $1886.50 and $1257.67.
How much will Polygon be worth in 2035?
According to the Polygon Price Prediction model above, MATIC’s price in 2035 would be $6849.91. This price would however would range from $8219.89 and $5479.93.
What was the highest price of Polygon?
The highest price for Polygon was recorded in 27 December 2021 during which MATIC hit an All Time High of $2.92
What is the price of 1 Polygon?
The price of 1 Polygon according to current market rate is $0.98