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Ascending channel pattern sets Polygon (MATIC) up for a potential 30% rally -Breaking

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The Jan. 18 key upgrade will push some of the native polygons to higher prices, which could lead to a 30% increase in their price. MATICThe token is out of circulation

The improvement proposal, EIP-1559 was originally discovered as part of London Hard ForkAug. 5 upgrade Effectively, the proposal started “burning” a portion of the Ether fees that miners had paid (or “destroying”) them.ETH).

Chart of daily prices Source: TradingView
MATIC/USD daily chart showing ascending channel pattern. TradingView