bullish

Polygon

The markets are heading towards the end of the month, which was supposed to be the start of a bullish trend. However, the markets appear to have remained largely consolidated, which is believed to change the 4-year cycle pattern of the markets. With this, the <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">POL price</a> is close to replicating the previous run, which may lead the rally towards new highs.&nbsp;  
POL, previously known as Polygon (MATIC), grabbed huge attention in 2021 following a rally of over 16,000% in 2021 and 500% in 2020. Since then, the bulls have failed to defend the immediate support levels, causing the price to discover new lows following a fresh bearish event. However, the price appears to be forming a similar pattern that it formed just before the 2021 bull run and hence the possibility of a new ATH now becomes viable.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd8rLIiouTVHBzMEf0JI4Z10VB6ZfmQEnWq_aHLJnIytAls3s8VPmDhdNehrcH6wJ4MCUiMytfPEiF_5BoZKEb-wx9mVBGzdxnA9fEvg1QtyIpUgN6TyugkoPs6v8Uy5Lnu2kja4-JTx8ZyizmDF-xSjTl3?key=wn809jBurIF35Zvs9iBe3y3j" alt="">
</figure>  
A popular analyst, <a href="https://x.com/ali_charts/status/1850581474757706154" target="_blank" rel="noopener noreferrer nofollow">ALI</a>, refers to the weekly chart and suggests the price does carry a downside risk of 15% but the upside potential is pretty massive. The analyst sets the first target at $0.89 for a gain of 167% but places the second target is around $8 for a straight 2,387% gain. With this, the price is expected to remain elevated through out 2025, after it breaks above the consolidation somewhere in the first half.&nbsp;  
The breakout may further lead to an over 2000% rise in the value, forming new highs at around $8 that may even extend to a double-digit figure as well. In other words, the POL price replicates the previous pattern of forming a decisive symmetrical triangle and consolidating along the lower support before the breakout. Therefore, the next few days can be crucial, as a breach of the lower support could invalidate the bullish narrative.

POL or Polygon (MATIC) Price Replicating the 2021 Cycle—Here’s When the POL Price May Hit $8

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