Robinhood made a statement announcing the addition of support for MATIC deposits and withdrawals on the Polygon network. Customers will now be able to send and receive MATIC via the Polygon blockchain.
The collaboration between Polygon and Robinhood would make MATIC accessible to investors who use the Robinhood trading app. Similar results were observed earlier this year when Shiba Inu was listed on Robinhood. The price of SHIB was increased by 13% as a result of the announcement. Not only has Robinhood stated that it will list MATIC on September 6 but also xInvestor, a tokenless launchpad, CEX, and NFT marketplace. A further price increase is extremely expected in the days to come given that there are only a few days remaining before the listing.
MATIC, which has been showing more greens on its chart over the previous week, has overtaken DAI to take the position of the world’s 12th-largest cryptocurrency. Over the same time span, altcoin outperformed a number of other cryptocurrencies with bigger market capitalization. Let’s take a look at the MATIC price.
MATIC Price Prediction
The price of MATIC increased 17.8% over the previous five days. The MATIC’s intraday trading volume is $581.2 Million, up 35.3% from the previous day. There was a large correction on the cryptocurrency market during the third week of August. As a result, the MATIC/USDT pair dropped more than 25% from its peak of $1.027 and found support at $0.785.
Bulls need to break past the $0.90 resistance level otherwise the price from dropping to the $0.785 support level. The 4-hour lower time frame market structure is bullish. if MATIC passes above the $1.027 resistance level, the next price targets will be $1.18 and $1.308.
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