Interest in Polygon (MATIC) surged after the coin rallied more than 100% within a few hours.
Polygon (MATIC) was one of the few altcoins to experience a dramatic price surge on Monday, as a sudden injection of volatility sent prices higher following last week’s turmoil.
MATIC rose above $1.50 on Monday, completing a 100% rebound from an intraday low of $0.74. The upward pressure then propelled the price to a high of $1.98, delivering daily gains of around 130% before profit-taking trimmed some of the MATIC/USD pair’s gains.
Even so, the cryptocurrency remains in positive territory, trading near $1.70 at the time of writing.
Where can you buy Polygon (MATIC)?
MATIC is available on multiple cryptocurrency exchanges and online brokers. It is advisable to use a reputable platform that allows you to buy MATIC securely. One platform that meets these criteria is the regulated Coin Kong.
Sign up here
Buying Polygon (MATIC) on Coin Kong is safe, simple, and fast. Start by visiting the broker’s homepage and creating an account. You will then complete a verification process to protect your security and that of other users.
After your account is set up, Coin Kong will connect you with a recommended broker in your country, where you can purchase MATIC using a payment method that suits you.
What’s next for Polygon (MATIC)?
Polygon’s price hit a low of $0.74 on Sunday, representing a 72% decline from its recent peak. The downturn erased nearly $2 from the week’s high of $2.68. By rebounding above $1.50, MATIC recovered roughly 100%, gaining momentum that pushed it back toward the $2 level.
Buyers may aim to halt further declines near the 20-day EMA (around $1.47) on the 4-hour chart. If they succeed, Polygon price forecasts point to a strong push toward $2, with short-term targets potentially in the $2.50–$3.00 area.