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MATIC, great rebound after Robinhood opens to POS Polygon blockchain support

MATIC continues to grow and a 6% rebound matures in the last few hours: to push performance upwards is the announcement of Robinhood's support for Polygon transactions: about 18 million MATIC transactions were made after the announcement of the partnership with Robinhood , thus pushing up the prospects of the brand, which outperformed its peers in the cryptocurrency ecosystem.

According to analysts' comments, this partnership could help consolidate all the benefits of L2's solutions Ethereum for Robinhood pioneering users, which include low gas fees and fast transactions. Furthermore, this collaboration with Robinhood should drive the growth of Polygon's network, increase liquidity and make MATIC easily accessible to Robinhood app users around the world.

That said, the technical outlook is positive and technical indicators indicate that the coin has improved significantly from the decline seen at the beginning of the week. If the bulls continue to dominate the market, MATIC could potentially break out of the key resistance identified at $ 0,9489. However, despite its bullish move, MATIC may struggle to break out of its all-time high for August of $ 1,057.

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Roberto Rais

A great cryptocurrency expert and a long time collaborator. He actively follows several specialized Blogs in the cryptocurrency sector as Editors

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