After finding support earlier in the week at around $1.15, partially as a result of buying around the 21-Day Moving Average (DMA) at $1.2050, Polygon (MATIC) has rebounded into the upper $1.20s. The cryptocurrency, which powers layer-2 Ethereum scaling solution Polygon, is eyeing a break back to the north of the $1.30 level, potentially opening the door to a retest of multi-month highs hit earlier this month in the $1.35 area. Price predictions are thus becoming more bullish.
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