DIGIVESTASI - Renowned analyst and crypto expert Michaël van de Poppe recently highlighted Polygon (MATIC), a digital asset that has attracted significant interest within the crypto community. 

Van de Poppe's latest analysis suggests that the Polygon cryptocurrency, which is currently trading at $0.80, could make impressive gains, potentially increasing by 85%. This bullish forecast is based on several key factors that require further consideration. 

Favorable factors for MATIC price 
Based on the Crypto News Flash report, Van de Poppe's prediction relies on the strength of MATIC's support points over a longer period of time and the stability of market liquidity. Despite the difficult times, this support point remains resilient. This resilience provides a solid foundation for potential growth, suggesting that MATIC may be undervalued at current prices. 

"I expect prices to continue to rise, even though MATIC is also underperforming," Van de Poppe said in a tweet. 
Despite acknowledging MATIC's recent struggles, Van de Poppe remains optimistic about the altcoin's future. 
The renowned analyst expects the price to rise significantly, targeting a range of $1.25 to $1.50 on the next leg up.

This upgrade plan provides a great opportunity for investors in Polygon.  Polygon has shown impressive strength in recent days, experiencing a 10-12% increase, surpassing the $0.80 mark. This growth, despite facing downward pressure, is supported by encouraging signs from technical indicators such as the Relative Strength Index (RSI). 

If we take a closer look at the technical indicators, MATIC's bullish outlook becomes clear. The RSI is rising, while the MACD has crossed the signal line above and the Awesome Oscillator (AO) is showing positive momentum. These indicators together indicate favorable conditions for buyers.  As MATIC continues its upward trend, it faces major resistance. The 100-day and 50-day SMA indicators are major hurdles. Overcoming these issues will shift the focus to the procurement sector, giving further impetus to growth.  

In a positive scenario, MATIC could turn this area into a platform for a bullish breakout. A break above US$0.9702 could signal a 20% upside, bringing the US$1.00 psychological level back to a realistic target.

Network upgrade 
Fundamentals also favored MATIC's rise. Polygon Labs' announcement of a network upgrade, along with the introduction of AggLayer, is significant.  

These upgrades are intended to address fragmented liquidity and scalability issues, which are critical to long-term value growth. AggLayer is designed to unify liquidity on the Polygon network. It allows developers to connect various blockchains and utilize Ethereum for settlement. This can significantly improve Polygon's performance and functionality. 

Market sentiment plays an important role in the price of cryptocurrencies like MATIC. A positive outlook from a reputable analyst like Van de Poppe could create a forecast that comes true as more investors take interest in the coin.

It is also important to compare MATIC's performance and potential with its competitors. Polygon's unique features, such as the flexibility and scalability of various frameworks, give it a competitive edge in the market.  However, investors should be aware of the risks and volatility inherent in the cryptocurrency market. While the potential gains are high, there is also the potential for considerable losses. 

Another factor that can affect the price of MATIC is the changing regulatory environment for cryptocurrencies. Positive legal developments can increase investor confidence, while negative developments can decrease growth.

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