MATIC opens 2023 with a bullish outlook, Polygon’s NFT volume hits new record

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  • MATIC yielded 3% gains for holders over the past 24 hours marking a bullish begin to 2023. 
  • Polygon’s NFT OpenSea quantity hit a brand new document in sales, reaching $324 million within the crypto bear market. 
  • MATIC value outlook is bullish as bulls goal $0.8466 for the Ethereum scaling solution’s token.

MATIC, the Ethereum scaling answer token is prepared for a bullish begin in 2023. The NFT quantity on Polygon hit a new report with gross sales of $324 million via the crypto winter. Price outlook on MATIC has turned bullish with long-holders eyeing the $0.8466 degree because the goal. 

Also read: What’s subsequent for ApeCoin after Bored Ape Yacht Club dethrones NFT collections to rank first

MATIC prepares for bullish start to 2023 hitting a brand new record in Polygon’s NFT volume

MATIC, the Ethereum scaling answer token yielded 3.2% gains for holders over the past 24 hours. The achieve coincided with the announcement of a record uptake for Polygon’s NFT OpenSea program in 2022, as well as a spike in quantity within the prior week. The Ethereum scaling ecosystem recorded $324 million in NFT gross sales regardless of crypto winter surpassing its 2021 OpenSea NFT volume document. 

Polygon NFT OpenSea volume

Several NFT collections like y00t, a generative art project of 15,000 NFTs curated by a group of builders and creators have plans to bridge to Polygon in Q1 2023. NFT tasks like Aavegotchi have announced plans to stay on the Ethereum scaling solution chain in 2023. 

The rising digital asset and digital collectibles ecosystem on Polygon has fueled a bullish sentiment among MATIC holders through the bear market. Based on information from crypto intelligence tracker Santiment, Polygon’s complete NFT commerce count and quantity in USD registered a spike final week. 

MATIC price outlook is bullish

MATIC value outlook is bullish and the Ethereum scaling answer could soon break out of its downtrend. A shut above the trendline would validate the bullish thesis in MATIC value. MATIC is near its 50-day exponential transferring common (EMA) at $0.7767 and the next resistance is the 200-day EMA at $0.8274. 

MATIC/USDT price chart

MATIC/USDT value chart

MATIC bulls are eyeing a 61.8% extension goal of $0.8457 from the trendline if they’ll efficiently break above it, in January 2023. A huge bullish breakout could ship MATIC value to the $0.8899 degree even. If MATIC value wipes out its latest gains and drops below the $0.7500 degree, it would invalidate the bullish thesis.

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