MATIC set to be bullish after Starbucks Odyssey Beta launches on Polygon


  • Starbucks Odyssey Beta launches on Polygon.

  • MATIC is up by 4% right this moment and will rally increased quickly.

  • The broader crypto market may finish the week in a constructive tone after underperforming for a lot of the week. 

Starbucks Odyssey Beta launches on Polygon

The Polygon workforce introduced just a few hours in the past that Starbucks Odyssey Beta is now dwell on its community. Polygon defined that the Starbucks Odyssey is an extension of the Starbucks Rewards loyalty program that unlocks entry to thrilling new advantages and experiences for members. 

This latest cryptocurrency news has seen MATIC performing effectively over the previous few hours. MATIC, the native token of the Polygon ecosystem, is up by greater than 4% within the final 24 hours because the broader market recovers.

At press time, the price of Polygon stands at $0.9259, up by greater than 4% right this moment. The overall cryptocurrency market cap stands above $855 billion, up by almost 2% within the final 24 hours.

Bitcoin, the world’s main cryptocurrency by market cap, is up by greater than 2% within the final 24 hours and is now buying and selling above $17k for the primary time this week.

Key ranges to look at

The MATIC/USD 4-hour chart has turned bullish as MATIC has been performing effectively over the previous 24 hours. The technical indicators present that MATIC is popping out of its current bearish run and will surge increased quickly.

The MACD line has crossed into the constructive zone, indicating that the bears are presently not in charge of the MATIC market. The 14-day RSI of 54 reveals that MATIC may very well be heading to the overbought area if the bullish development continues.

With the bulls now in cost, MATIC may surge previous the $0.9577 resistance degree earlier than the tip of the day. With the Starbucks information, MATIC may have an additional incentive to maneuver in direction of the $1 psychological degree for the primary time this month.

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