Polygon Price Prediction: Could MATIC Fall to $0.30 Amidst Market Downturn?

Polygon (MATIC) has been experiencing a significant decline, leading analysts to predict a potential drop to $0.30. This downturn is notable given the broader bearish trends in the cryptocurrency market. While Polygon struggles along with other cryptos, predictions about their price remain interesting to investors.

Polygon (MATIC) Price Prediction

As of now, Polygon (MATIC) is selling at $0.58. Over the past 24 hours, it has gained 2.93%, but it has declined by 5.85% over the past week and 21.90% over the past month. Despite this recent uptick, the overall sentiment remains bearish. Polygon recorded 13 green days out of the last 30 and a price volatility of 7.32%. The projected low for 2025 is $0.572, while the high could reach $4.36, indicating a potential 662.37% increase from its current value.

Considering the recent performance, the short-term outlook for Polygon remains uncertain. If the bearish trend continues, reaching $0.30 is possible. However, if market sentiment improves, Polygon could stabilize and see moderate gains in the coming months.

Both Polygon and NEAR Protocol face challenges in the current volatile market and have been both moving alike, and struggling to regain bullish momentum. Analysts predict further declines for Polygon, potentially dropping to $0.30, but what about NEAR Protocol Price Prediction?

NEAR Protocol (NEAR) Price Prediction

NEAR Protocol is projected to hit $16.39 by July 19, 2024, marking a 226.96% increase. Despite a bearish sentiment and 12.99% price volatility over the past 30 days, the projected 2025 price ranges from $5.01 to $23.60. If NEAR Protocol reaches the upper target, it could rise by 378.78% compared to its current price.