MATICBTC Can Matic trigger a new Alt Season??

The Matic Network (MATICUSD) has been on an impressive run as of late. On this chart we see the relative strength of Polygon against Bitcoin (BTCUSD) on the MATICBTC pair. As you see the price is about to test the December 2021 High, which along with the May 2021 High form the long-term Resistance Zone.

It is obvious that this draws comparisons to the pair's previous Cycle. A first test of the Resistance level at the time, failed but a second one only a week later, established the Resistance as a Support and started a parabolic rally. The Gaussian Channel seems to indicate that we are about to see this break-out.

Do you think this can be enough to trigger and if already, confirm, the start of a new Alt Season?


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