Final Opportunity for Polygon as Crypto Expert Forecasts MATIC Price to Rise Above $1 Once More

The recent price movement of Polygon shows a moderate retreat after what seemed to be a significant breakout beyond the $0.20 threshold. This decline does not indicate weakness; rather, it might be a healthy correction as the cryptocurrency gears up for another upward trajectory.

The bullish trend appears promising on longer timeframes, especially following Polygon’s rebound from the lower edge of a long-term downward channel. A crypto analyst believes that Polygon could be on the brink of a powerful surge toward the $1 milestone.

Classic Bullish Divergence Signals Potential Breakout

Per technical analyst MasterAnanda on TradingView, the valuation of the Polygon ecosystem token (POLUSDT) is currently showing one of the most potent reversal indicators in the form of a clear bullish divergence on the 3-day chart. The price reached a new low on April 7, 2025, while the Relative Strength Index (RSI) had already hit its low earlier in July 2024 and has since been making higher lows.

Additional Insights

The analyst highlights that this discrepancy between the price and momentum signals a potential weakening of the downtrend. This reading is supported by a recent uptick in trading volume and a generally positive recovery observable in the broader cryptocurrency market.

Focusing on the 3-day chart dynamics, POLUSDT displayed a significant rebound after hitting its low on April 7. The price steadily ascended to $0.267 by April 22 before reaching resistance. This was followed by two successive bearish candles that likely represent a measured pullback, serving as a retest of the upper boundary of the descending channel.

Such retracements are often precursors to significant breakouts. Considering this, the analyst forecasts a successful bounce from the trendline support, which could trigger a sustained rally towards $1.

Polygon’s Path to $1: Opportunity Window Closing

Analyst MasterAnanda emphasized that the current price activity is merely a calm before a significant upward movement. “The market is offering one last chance to secure positions before substantial growth,” the analyst observed, suggesting an upcoming strong impulse wave. The RSI currently hovers in the mid-40s, and should the bullish scenario materialize, a rapid climb to the 70+ range could follow.

Additional Insights

In terms of pricing expectations, the analyst forecasts a complete recovery above $1, with a targeted level of $1.15. Achieving this would signify a full reclamation for POL holders who maintained their positions through the downturn in 2025. This target aligns with the 1.618 Fibonacci extension level projected from the low of April 7. Additionally, the Fibonacci extension levels suggest other smaller targets along the way to $1.15, notably $0.461 and $0.534, which are associated with the 0.5 and 0.618 extension levels, possibly serving as interim consolidation areas.

Currently, Polygon is trading at $0.2420.