Matic To The Moon! 3 Reasons

Ticker: MATIC / BTC
Buy: 0.00000225 - 0.00000235
Stop Loss: 0.00000214
Targets: 0.00000270 - 0.00000300 - 0.00000400

In early August, Matic was on strong support level, where we noted accumulation in previous times. After this, we saw a breakdown of the downtrend with followed a retest. The price has confidently entrenched at new levels.

An additional factor for growth is the new partnership of the project with the goal of creating decentralized oracles on Ethereum. The team plans that Dapp and DeFi projects will use these oracles. Given the high hype around DeFi, this could trigger a lot of growth.

Also on the Binance exchange, walls with a large volume have been seen, which appear and disappear. Indirectly, this indicates a high interest in this coin from large buyers.