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Between June 18 and June 24, Polygon saw an increase of 110 percent, but around $0.63, resistance arose. However, this impediment was overcome after a brief period of consolidation.

The Polygon Network - A steady rise to success on the premise of conscious environmental decisions!

In the last day, the market for cryptocurrencies climbed by roughly 5% to retake the $1 trillion level. In the past week, the price of Polygon (MATIC) has climbed by more than 60%, making it one of the best-performing cryptocurrencies.

According to Tuesday's CoinMarketCap data, MATIC is presently selling for $0.927, a 20 percent rise over the previous 24 hours. The reason behind this surprise price hike is being considered by many investors. Let's look at the technical details.

Indicators of a bullish run are being sent by MATIC, which has maintained its steady, strong pace and is trading higher. The altcoin's price is upbeat on a retest of the $0.30 support level. In actuality, the daily price scale's price behavior exhibits a high-low structure.

Oath of Sustainability
At every level of the organization, Polygon upholds ethical conduct and fosters sustainability. The primary line of work is blockchain optimisation, which minimizes the need for new resources and waste. The goal is to always get better while collaborating even more with preventive services that foster operation methods that reduces both the cost and the environmental impact.

However, Polygon tries to be as effective as we can when their actions have an influence on the environment. This is an important component of the Polygon Carbon Negative program, which gives them as a company the chance to reduce risk, protect our values, and operate sustainably, responsibly, and with respect for their clients, employees, suppliers, and society at large.

$MATIC Rides the Wave up High
In the face of high momentum, an increase in trading volume displays bullish traits. In an extremely volatile market, a resistance breakout can happen sooner. The 24-hour trading volume of the token has surged by more than 70%, according to data from CoinMarketCap, with a total of $1.6 billion worth of MATIC being exchanged.

Since the previous month, the Polygon (MATIC) has been moving upward under the weight of a support trendline. The altcoin has recently exceeded $0.745 during its surge after breaking through numerous resistance levels. How much longer can this token keep up this pace? Traders may expect a slight decline to the support trendline if the MATIC price fails to hold above the $0.745 level.

Paradigm Shift - Ethereum MIGHT be backed by Polygon soon?
The Ethereum network may be scaled with the help of Polygon. Smart contracts were added to the Ethereum blockchain for the first time, making it the undisputed leader in decentralized applications. However, as the number of smart contracts has grown, Ethereum has discovered ways to speed up and streamline transactions. The Polygon network was created as a result.

Between June 18 and June 24, Polygon saw an increase of 110 percent, but around $0.63, resistance arose. However, this impediment was overcome after a brief period of consolidation.

We think the upcoming news will not stop this upwards MATIC trend even if the market would go into a down period.

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Written By

Petrache Ionut

Jul 20, 2022