- Polygon confirms a regular bullish divergence with rising momentum, signaling weakening seller pressure and potential for a large price reversal.
- Price breaks long-term descending trendline and holds above 50-day EMA, flipping the level into short-term technical support.
- MACD crossover and green histogram bars show growing bullish momentum, with upside targets set between $0.80 and $1.30.
Polygon (MATIC) is flashing strong technical signals as a regular bullish divergence point to a possible 395% price move, targeting $1.30.
Polygon (MATIC) Prints Classic Bullish Divergence Pattern
Polygon (MATIC) has confirmed a textbook bullish divergence, often seen before major reversals. As shared by crypto analyst JavonMarks on X, MATIC’s price formed a lower swing low near $0.18. However, the momentum indicator made a higher low, rising from 32 to 34. This contrast between price and momentum is drawn using red trendlines—one descending for price and one ascending for momentum.
This divergence indicates weakening bearish momentum despite fresh price lows. A small arrow on the chart shows a bounce from the recent low, suggesting early buyer activity. If this trend holds, MATIC could push into the $0.80–$1.00 resistance zone, where historical price congestion has occurred.
Polygon (MATIC) Breaks Trendline, Forms Bullish Setup
Following the divergence confirmation, Polygon (MATIC) broke out above a long-term descending trendline. This breakout occurred just over the 50-day EMA, which has now flipped to support. A strong green candle confirms rising demand, while failed sell attempts are reflected in earlier candle wicks.
Momentum is also building below the surface. The MACD shows a bullish crossover, with the MACD line climbing above its signal line. The histogram flipped green and continues rising, showing growing bullish conviction. This confluence strengthens the case for a near-term rally.
$MATIC Targets $1.30
According to crypto analyst Javonmarks, the bullish divergence could spark a 395% move, sending Polygon (MATIC) back toward the $1.30 range. Near-term resistance remains around $0.28 and $0.30, with the 50-day EMA near $0.22 offering possible re-entry for continuation.
At presstime, MATIC stood at $0.2436, down 2.12% in 24 hours but up 28.49% in the past week. If the divergence holds and volume increases, a major recovery could unfold—matching past rebound patterns. Traders are watching closely for follow-through signals confirming this potential breakout leg.
