Polygon's MATIC token surged over 33% this week, reaching a trading price of $0.1453, after the company launched the payment-focused Open Money Stack framework. This rally has continued for seven consecutive trading days, with short-term technical indicators turning bullish, as RSI and MACD both support further gains. On-chain data shows that total value locked (TVL) and the number of active addresses have increased, indicating a revival in network activity. Analysts believe the next key resistance level is at $0.2000, with support between $0.1200 and $0.1000.
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Polygon's MATIC token surged over 33% this week, reaching a trading price of $0.1453, after the company launched the payment-focused Open Money Stack framework. This rally has continued for seven consecutive trading days, with short-term technical indicators turning bullish, as RSI and MACD both support further gains. On-chain data shows that total value locked (TVL) and the number of active addresses have increased, indicating a revival in network activity. Analysts believe the next key resistance level is at $0.2000, with support between $0.1200 and $0.1000.