We are now in the final weekend of March, and although BTC has pushed its historical peak higher, it remains distant from this level for now. Altcoins are therefore less eager about reaching new highs. However, the month of April has increased investor excitement for various reasons, so we may see a reversal of the current outlook in the coming days. So, what are the predictions for MATIC Coin?
MATIC Coin Commentary
Optimism for MATIC Coin is growing due to changes in the RSI and active addresses. This recovery trend following a sharp price drop is appetizing. At the time of writing, the popular altcoin is just below the $1 mark, continuing the day with a 1.5% decline.
On March 14, MATIC Coin saw a significant gain as the number of active addresses on the network rose to 3,301, reaching $1.27. This price level had not been seen since February 2023. Recall that at that time, it was able to attract a lot of users with the zero-knowledge proof network story.
The latest example clearly showing the correlation between active addresses and price tells us something today. Although daily active addresses dropped to 2,550 by March 24, causing a cooldown in price, they rose to 3,069 on March 28. In addition, the Daily Active Addresses 7D Moving Average is also signaling an uptrend.
MATIC Coin Price Prediction
Adding to the optimism triggered by active addresses, the RSI has retreated to 59. This confirms the ongoing consolidation process. The RSI, allowing more room for an increase with positive indicators from rising daily active addresses, adds to the optimism.
The price is maintaining the $0.90 and $0.95 regions. The ability to preserve such peaks during the consolidation process also indicates that a recovery could begin. If the expected scenario unfolds, we could witness the MATIC Coin price moving towards the resistance areas of $1.17 and $1.30.
MATIC has experienced less loss than altcoins like SHIB and DOGE. Another key detail for MATIC is the expectations for April. The general market outlook is positive as the halving approaches, suggesting that MATIC, a popular main altcoin, could attract sufficient interest as BTC rises.
