Polygon (MATIC) Shows Upside Potential as Network Activity Increases

Jakarta, Pintu News – Polygon (MATIC), one of the leading cryptocurrencies, is showing significant signs of recovery in recent days. The price of MATIC reached an intraday high of $0.2460, marking a 24% gain from its all-time low. Nonetheless, it is still around 70% below its peak in November last year.

Increased Network Activity

MATIC’s price increase coincided with a surge in on-chain activity. Data from Nansen shows that the number of active addresses on the Polygon network increased by 13% in the last seven days, reaching 2.34 million addresses. Transaction volume also saw a rise, reaching 20.7 million transactions in the same period.

Also Read: Will Ripple (XRP) Surge? Latest Analysis and Predictions for April 2025

DeFi Ecosystem Stability

In addition, Polygon’s decentralized finance DEFI->Current DEFI PriceRp 0Market Cap-Trading Volume-Circulating Supply- ecosystem is showing signs of stabilization. Total Value Locked (TVL) on the network rose 5.7% in the past week, reaching $719 million. The bridged TVL also increased to over $4.64 billion, while the total stablecoins in the ecosystem almost reached $2 billion.

Technical Analysis

Technically, the price of MATIC has formed a falling wedge pattern, which is often considered a bullish signal in technical analysis. Indicators such as the Relative Strength Index (RSI) and MACD are showing an uptrend, indicating a potential continuation of the price increase. If this momentum continues, MATIC could potentially test the next resistance level around $0.2854.

Conclusion

Increased network activity and stabilization of the DeFi ecosystem provide positive indications for Polygon’s (MATIC) prospects. However, investors are advised to remain wary of market volatility and conduct a thorough analysis before making an investment decision.

Also Read: Will Cardano (ADA) Surge? Check out the latest prediction in April 2025!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crispus Nyaga. Polygon price wedge points to more gains as addresses jump. Accessed March 27, 2025.
• Featured Image: Reddit