Matic Coin is one of the Top 100 cryptocurrencies by Market Cap, which is currently valued at 0.021$ with market cap over 52 Million dollars.
Matic Coin got launched last year through a Binance Launchpad session. Matic coin is the best performing Binance IEO to date, with current ROI standing at 8x, and ATH ROI at 17x.
Matic Coin is the native token of Matic Network. Coinbase Ventures backed Matic Network provides Layer-2 Scalability Solutions for Instant and scalable blockchain transactions. Matic Nework is also one of the leading blockchain startup from India.
March is going to be an important Month for Matic Network
According to Matic Network’s official Roadmap, they will release main net along with few other important technical updates this month. Mainnet release is considered as one of the most bullish catalyst for price growth in cryptocurrency market. We can expect a positive price action for matic coin before the main network release.
Matic coin Technical Analysis – MATICBTC
- Matic is holding a major uptrend channel support, Matic managed to bounce from uptrend channel support at 0.00000153 BTC after a brutal sell off in December last year.
- Matic is currently trading above all three major moving averages – 50,100 and 200
- Matic has recently broke out from Falling wedge formation, and currently trading above 0.00000238 BTC.
- Matic can retest 0.00000253 BTC – 0.236 FIB Level resistance soon.
- A clear break above this level would take price to 0.00000300 BTC area.
We expect Matic coin to reach at least 0.00000363 BTC before the mainnet release, that will bring 50% rally from current price level.
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