Polygon (MATIC) price sees 33% bounce as bulls tag $0.84
Polygon (MATIC) price sees 33% bounce as bulls tag $0.84 - July 21, 2021 An extension of the upside momentum could see MATIC/USD break towards the $1.00-$1.20 range. The price of Polygon (MATIC) rose 33% to touch highs of $0.84, after positive sentiment in early trading sessions on Tuesday buoyed the entire cryptocurrency market. Other major gainers among the top 20 include Solana (SOL) +17%; Dogecoin (DOGE) +16%; Cardano (ADA) +11% and Binance Coin (BNB) +10%. Bitcoin (BTC) is up over 6% while Ethereum (ETH) has jumped 9.6% as of writing. The bullish rebound for MATIC price comes on the back of a 41% downtrend over the past nine days. Despite the gains, Polygon’s price remains below a long-term bearish trendline and bulls need to take full advantage of the market sentiment to breach the barrier near $0.85. MATIC price analysis MATIC price currently hovers above a horizontal support line at $0.78 after slightly retreating from the 38.2% Fibonacci retracement level of the m