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<img decoding="async" width="1365" height="800" src="https://coingape.com/wp-content/uploads/2024/02/matic-price.jpeg" class="attachment-full size-full wp-post-image" alt="matic-price" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/02/matic-price.jpeg 1365w, https://coingape.com/wp-content/uploads/2024/02/matic-price-300x176.jpeg 300w, https://coingape.com/wp-content/uploads/2024/02/matic-price-1224x717.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/02/matic-price-768x450.jpeg 768w, https://coingape.com/wp-content/uploads/2024/02/matic-price-150x88.jpeg 150w" sizes="(max-width: 1365px) 100vw, 1365px">
<p>After the failed attempts to break through the $1 to attain higher peaks, MATIC has settled around the $0.71 price for today. Even after the history of the profitable performance and demand of the <a href="https://coingape.com/education/sandeep-nailwal/">Polygon network</a>, MATIC has not succeeded in surging above the average range.</p> 
<p>MATIC had its best stretch in 2021 and 2022, but after that, the token lost its place in the market. Though a good peak did form in 2023, bringing the value to near the $1.5 mark, that did not last long.</p> 
<p>In this blog, let us discuss whether MATIC will succeed in a comeback&nbsp;or not.</p> 
<h2 id="matic-price-analysis">MATIC Price Analysis</h2> 
<p>There used to be a time when <a href="https://coingape.com/price/polygon/">MATIC</a> was among the top 10 cryptocurrencies, but now that has shifted into the top 20. MATIC is ranked 18th on CoinmarketCap with a <a href="https://coingape.com/glossary/market-capitalization/">market capitalization</a> of $7,037,367,335 and is currently trading at $0.7115 after facing a 32% decline this month. However, a surge of 4.43% has happened in the last 24 hours.</p> 
<p><a rel="nofollow" href="https://coinmarketcap.com/currencies/polygon/"><img decoding="async" src="https://coingape.com/wp-content/uploads/2024/04/image-37.png" alt="MATIC Price Analysis" width="671" height="325"></a></p> 
<p>MATIC is 76% away from its <a href="https://coingape.com/trending/pepe-price-surged-50-to-target-a-new-ath/">all-time high</a> target of&nbsp;$2.92 set two and half years ago. The <a href="https://coingape.com/markets/2-trending-altcoins-to-hold-targeting-100x-profit-post-bitcoin-halving/">altcoin</a> has made multiple attempts to recover over this period, but declining investor interest has turned down all the attempts. This token’s&nbsp;declining trading volume&nbsp;is proof of&nbsp;lacking support as the 24-hour trading volume has decreased 20% recently, where the value is at $270,525,611.</p> 
<p>Also Read: <a href="https://coingape.com/trending/4-most-profiting-meme-coins-in-todays-slow-market/">4 Most Profiting Meme Coins In Today’s Slow Market</a></p> 
<p>In the last one year, MATIC had its best performance during March, when the token surged to above $1 before getting into a downtrend. In&nbsp;the entire month of&nbsp;April, the <a href="https://coingape.com/blog/will-polygon-matic-keep-dropping/">polygon token</a> stayed below the $1 mark and even fell to a low of $0.611 on the 14th of April.</p> 
<h3 id="what-is-coming-next-for-matic">What Is Coming Next For MATIC?</h3> 
<p>The Polygon Network’s native <a href="https://coingape.com/price/">cryptocurrency</a> has been lagging behind the other top cryptocurrencies for almost two years, and even the recent bullish month could not push the values.&nbsp;MATIC’s&nbsp;price charts displayed no clear sign of bullish behavior for now, and the crypto is in a neutral zone.</p> 
<p>As per the analysts, the closest support is at $0.60, with the resistance zone around $0.75, which was also a support level earlier today. As there are no positive signs of breaking the $1 barrier, the <a href="https://coingape.com/trending/will-bitcoin-halving-reignite-institutional-investors-inflows/">investors</a> are waiting for the market recuperation, which can perhaps push the MATIC price a little higher.</p> 
<p>Also Read: <a href="https://coingape.com/trending/tron-vs-matic-who-will-hit-1-first/">Tron vs MATIC: Who Will Hit $1 First?</a></p> 
<p>However, the crypto analyst World of Charts has predicted a price surge in the upcoming days. According to him, the MATIC against the US dollar is forming a <a href="https://coingape.com/education/bull-flag-pattern-in-crypto-meaning-and-how-to-identify/">Bullish Flag</a> in the H4 timeframe, and if it succeeds in breaking out, the crypto might surge to $1.30.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Matic&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Matic</a><a href="https://twitter.com/hashtag/Matic?src=hash&amp;ref_src=twsrc%5Etfw">#Matic</a> Forming Bullish Flag In H4 Timeframe Incase Of Successful Breakout Expecting Move Towards 1.30$ <a href="https://t.co/gweafgdUQP">pic.twitter.com/gweafgdUQP</a></p> 
 <p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1783698592743789048?ref_src=twsrc%5Etfw">April 26, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="conclusion">Conclusion</h2> 
<p>The slow crypto market has been haunting investors&nbsp;throughout&nbsp;this month, where even the <a href="https://coingape.com/blog/top-performing-cryptocurrencies-today-buy-sell-or-hodl/">top-performing cryptocurrencies</a> have dropped. MATIC is among the few cryptocurrencies that have faced concerning effects of the market fall, as this altcoin has been performing below average for years.</p> 
<p>With the prediction of a market recovery in the next few months, MATIC investors are waiting to see&nbsp;major&nbsp;price changes to recover the consistent losses.</p> 
<p>Read More <a href="https://coingape.com/trending/3-altcoins-to-sell-towards-the-end-of-april/">3 Altcoins To Sell Towards The End Of April</a></p> 
<p>The post <a href="https://coingape.com/trending/will-matic-make-a-comeback-anytime-soon/">Will MATIC Make A Comeback Anytime Soon?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Will MATIC Make A Comeback Anytime Soon?

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