Resistance has broken, MATIC has a potential to hit $1

The euphoric feeling around the coin has also resulted in a large increase in daily trading volume, which has increased by more than 72% in the last 24 hours to $661 million. At the time of publication, MATIC's market value was $8.2 billion. One of the causes has been recognised as the increased sales and trading volume of Reddit NFT avatars, which are facilitated by the Polygon network.

. Polygon's recent agreement with Nubank backed by Warren Buffet is regarded as a favourable move for this network.

. The creator of Billions TV series, where Alex Honnold (Sponsored by TradingView) made his debut SHOWTIME, recently announced a collaboration with Polygon.

. PolygonScan reports that there are over 170 million distinct Polygon addresses. In only one month, the network has gained 2.3 million new addresses at a rate of about 150,000 each day. However, as of press time, MATIC was trading in the green, up 2.55% from the previous day.

The overall sentiment suggest an impending short term bullish momentum, Stochastic Gradient Descent factor by 80% favorable odds.