Interest in Polygon (MATIC) has spiked after the coin rebounded more than 100% within hours.
Polygon (MATIC) is one of a few altcoins to experience a monstrous price jump on Monday as an injection of volatility catapulted prices after last week’s devastation.
The price of MATIC jumped above $1.50 on Monday to complete a 100% rebound from an intraday low of $0.74. The upward pressure then catapulted prices to a high of $1.98, pushing daily gains to 130% before profit-booking saw the MATIC/USD pair shed some of the gains.
But even with that, the cryptocurrency remains in the green with prices oscillating near $1.70 as of writing.
Where can you buy Polygon (MATIC)?
MATIC is available to buy on several cryptocurrency exchanges and online brokers. However, it is recommended that you use a reputable platform that allows you to buy MATIC safely. A platform that fits this bill is the regulated Coin Kong.
It is safe, easy, and fast for you to buy Polygon (MATIC) on Coin Kong. All you need to do is to go to the broker’s homepage and sign up for an account. After that, you’ll complete a verification process to ensure your security and that of other users.
Once you have the account ready, Coin Kong will connect you to a recommended broker in your country where you can buy MATIC using a payment method suitable for you to buy Polygon.
What’s next for Polygon (MATIC)?
Polygon’s price touched a low of $0.74 on Sunday, meaning the cryptocurrency had nosedived 72% from its recent peak. The downtrend erased almost $2 off the week’s peak valuation of $2.68. Rebounding above $1.50 therefore saw bulls recover 100%, with momentum taking them closer to $2.00.
Buyers might look to stem the dip near the 20-day EMA ($1.47) on the 4-hour chart. If they manage that, the Polygon price forecast points to a strong surge towards $2.00, with short term targets likely to be in the $2.50-$3.00 region.