MATIC May Be Gearing Up for a Move to a New ATH

A symmetrical triangle has emerged on the weekly MATIC/USDT chart, signaling the potential for an imminent breakout. Should this breakout be to the upside, MATIC's price may embark on a medium-term bullish trajectory, possibly propelling it to achieve a new all-time high (ATH). However, it's important to note that this optimistic scenario could be negated if MATIC falls below the $0.5540 threshold within the next two weeks. On the flip side, a weekly candle closure above $0.8220 could serve as an early confirmation of the impending bullish breakout.