Polygon can hit $3.50 in Q4 as MATIC’s 20% weekly rally triggers bull flag setup By Cointelegraph



Polygon (MATIC) has the potential to reach $3.50 by the end of this year as it charts a pattern that’s starting to resemble a bull flag.

In detail, bull flags are bullish continuation patterns that emerge when the price consolidates following a strong move higher. In doing so, the price tends to trend lower while leaving behind a sequence of higher lows and lower lows.

weekly price chart featuring bull flag setup. Source: TradingView
MATIC/USD daily price chart featuring cup and handle pattern. Source: TradingView