Polygon (MATIC) is showing positive momentum in its trading, with the price currently above the moving average lines. This suggests that the cryptocurrency is likely to continue its upward trend. The bulls have managed to break the $0.50 to $0.60 range, and despite a brief fall and retest of the $0.60 support, Polygon has held strong. The current resistance at $0.66 is limiting further upward movement, but a retracement suggests that MATIC could rise to the 1.618 Fibonacci extension or $0.76. At the time of writing, Polygon is trading at $0.64. The altcoin’s price bars are well above the moving average lines, indicating that it is approaching the overbought zone. In the lower time frame, the moving average lines are sloping horizontally, while the altcoin remains at the high of $0.66. The resistance levels for Polygon are $1.20, $1.30, and $1.40, while the support levels are $0.60, $0.40, and $0.30. Buyers are currently holding above the $0.60 level, and the bulls are expected to retest the $0.66 resistance level. If successful, Polygon could rise to a high of $0.80 or $0.85 per coin. However, if the bullish scenario fails, the altcoin is likely to trade within a narrow range between $0.60 and $0.66. It is worth noting that the altcoin is currently trading in the overbought zone. This analysis and forecast are the personal opinions of the author and should not be considered as a recommendation to buy or sell cryptocurrency. Readers are advised to conduct their own research before making any investment decisions.