As many coins have already had a serious bullish momentum after a build up with similar structures, mostly double fractal with small retracements following each other, forming in an ascending pennant. A similar set-up is forming, not so clear, as Matic is always very volatile, which is a good thing for a build up.. On the right upper chart, Cardano (ADA) which is having a break-out from a double fractal structure, and below Ethereum which has a beginning of a break-out of that ascending wedge.
I have no clear idea of where Matic would go eventually, but the price and trading range between 0.015 and 0.04 we have I'm quite sure left behind, and has formed a long support and momentum for much higher levels. I would say this volatility is a pattern that will change over time with higher volume. Matic/usdt has atm not yet 30M usd volume, which is peanuts. I can't imagine if volume would go to 500M usd or even more.. which is certainly possible.
In every build up so far tokens have gone up with a significant leap after structures explained before and they haven't had large retracements afterwards, which I believe most alts have been undervalued for quite some time and had the chance to shake the weak hands.
I have no clear idea of where Matic would go eventually, but the price and trading range between 0.015 and 0.04 we have I'm quite sure left behind, and has formed a long support and momentum for much higher levels. I would say this volatility is a pattern that will change over time with higher volume. Matic/usdt has atm not yet 30M usd volume, which is peanuts. I can't imagine if volume would go to 500M usd or even more.. which is certainly possible.
In every build up so far tokens have gone up with a significant leap after structures explained before and they haven't had large retracements afterwards, which I believe most alts have been undervalued for quite some time and had the chance to shake the weak hands.