Is Polygon on an uptrend?
No, since August 14, 2022, Polygon has been in a long-term downward trend and has decreased by -25 percent over that period. The 200-day line is currently 22.73 percent away from the current price. It is 9.16 percent away from the 100-day line and 7.35 percent from the 50-day line.
The Polygon price prediction for 2023
Let's look at the one-year forecast more closely since it is the most accurate of the analysts' forecasts.
Analysts had various forecasts for the Polygon price over the next year. While the most optimistic forecast predicted a 12-month price target of $0.87, the most pessimistic forecast would be $0.66.
The most recent average price target for the next year is $0.75, which is the most important figure.
This suggests a potential gain of 0.3 percent.
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Polygon projections through 2025-2030
Polygon's long-term prospects appear to be good. According to thirteen analysts, Polygon is expected to reach $0.76 by March 2025. The five-year forecast projects that the Polygon price will be $0.76 by March 2027. The long-term prediction for 2030 is $0.77.