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Polygon reaches level that last time triggered a 275% MATIC price rally — Will history repeat? -Breaking

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Polygon reaches level that last time triggered a 275% MATIC price rally — Will history repeat?

PolygonMATICThe ) price moved to the upside after it tested $0.794 for interim support. It then rose by 25% to $0.99.

This rebound came a day after token fell over 17% and reached $0.787. It was its lowest point since July 2021. Crash of the global marketsFederal Reserve’s hawkish policies led the way.

Weekly price chart. Source: TradingView
This is the total value that Polygon has locked up in its liquidity pools. Source: Defi Llama
Weekly MATIC/USD price chart. Source: TradingView