Polygon price needs to reset before MATIC bulls can trigger 60% upswing

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Polygon price needs to reset before MATIC bulls can trigger 60% upswing
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Polygon (MATIC) price has been consolidating inside a range for nearly two years without a directional bias.

Polygon price continues to hover around the $0.941 level for nearly two years.

could drop lower, allowing long-term investors to accumulate before rallying higher. Also read: could trigger an uptrend. However, focussing on the technical aspects shows that Polygon price is hovering around $0.941 for nearly two years. This level is the midpoint of the $0.315 to $1.568 range. While

at a discount. This spike in buying pressure would propel the Layer 2 token to attempt a retest of the range high at $1.568. In total, this move would constitute a 104% gain from $0.762.

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