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MATIC set to be bullish after Starbucks Odyssey Beta launches on Polygon

by cryptostandard
in Analysis
Reading Time: 3 mins read
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MATIC set to be bullish after Starbucks Odyssey Beta launches on Polygon
  • Starbucks Odyssey Beta launches on Polygon.

  • MATIC is up by 4% right this moment and will rally larger quickly.

  • The broader crypto market may finish the week in a optimistic tone after underperforming for a lot of the week. 

Starbucks Odyssey Beta launches on Polygon

The Polygon group introduced just a few hours in the past that Starbucks Odyssey Beta is now dwell on its community. Polygon defined that the Starbucks Odyssey is an extension of the Starbucks Rewards loyalty program that unlocks entry to thrilling new advantages and experiences for members. 

This newest cryptocurrency information has seen MATIC performing properly over the previous few hours. MATIC, the native token of the Polygon ecosystem, is up by greater than 4% within the final 24 hours because the broader market recovers.

At press time, the worth of Polygon stands at $0.9259, up by greater than 4% right this moment. The overall cryptocurrency market cap stands above $855 billion, up by practically 2% within the final 24 hours.

Bitcoin, the world’s main cryptocurrency by market cap, is up by greater than 2% within the final 24 hours and is now buying and selling above $17k for the primary time this week.

Key ranges to observe

The MATIC/USD 4-hour chart has turned bullish as MATIC has been performing properly over the previous 24 hours. The technical indicators present that MATIC is popping out of its latest bearish run and will surge larger quickly.

The MACD line has crossed into the optimistic zone, indicating that the bears are at present not in charge of the MATIC market. The 14-day RSI of 54 exhibits that MATIC may very well be heading to the overbought area if the bullish development continues.

With the bulls now in cost, MATIC may surge previous the $0.9577 resistance degree earlier than the top of the day. With the Starbucks information, MATIC may have an additional incentive to maneuver in the direction of the $1 psychological degree for the primary time this month.

The place to purchase Polygon now

eToro

eToro provides a variety of cryptos, resembling Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and replica or get copied by different customers.

Purchase MATIC with eToro right this moment

Bitstamp

Bitstamp is a number one cryptocurrency alternate which provides buying and selling in fiat currencies or common cryptocurrencies.

Bitstamp is a totally regulated firm which provides customers an intuitive interface, a excessive diploma of safety on your digital property, glorious buyer help and a number of withdrawal strategies.

Purchase MATIC with Bitstamp right this moment


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