Interest in Polygon (MATIC) surged after the token rallied more than 100% within hours.
Polygon (MATIC) was among the altcoins that saw a dramatic price increase on Monday as renewed volatility pushed prices sharply higher following last week’s downturn.
MATIC climbed above $1.50 on Monday, completing a 100% recovery from an intraday low of $0.74. The buying pressure drove the token to an intraday high of $1.98, delivering roughly 130% gains before some profit-taking trimmed the advance.
Even after the pullback, Polygon remained in positive territory, trading around $1.70 at the time of writing.
Where can you buy Polygon (MATIC)?
MATIC is listed on many cryptocurrency exchanges and online broker platforms. It’s important to choose a reputable service that provides secure access to the token. One such option is the regulated Coin Kong platform.
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Purchasing Polygon on Coin Kong is presented as a straightforward process. Start by visiting the broker’s homepage and creating an account, then complete the verification steps designed to protect your funds and the broader user base.
After your account is verified, Coin Kong will connect you with a recommended broker in your country, where you can buy MATIC using a payment method that suits you.
What’s next for Polygon (MATIC)?
Polygon fell to a low of $0.74 on Sunday, representing about a 72% decline from its recent high and wiping nearly $2 from the week’s peak value of $2.68. The subsequent recovery past $1.50 marked a 100% rebound, with momentum pushing the price back toward the $2.00 level.
Short-term support may form near the 20-day EMA (approximately $1.47 on the 4-hour chart). If buyers hold that level, technical momentum could drive MATIC toward $2.00, and short-term upside targets could lie in the $2.50–$3.00 range.