Matic Price outlook: charts point to a surge after a huge breakout

Matic (MATIC/USD) was up over 10% on Saturday and a huge breakout was seen on the charts. Matic could give some huge targets in the coming weeks, however, is it too late to enter Matic?

A look at this year’s chart-

A closer look at the charts on Saturday-

Conclusion

Matic is looking very strong in the coming weeks and months and a long entry can be taken after a restest of the trendline to avoid being caught in a false breakout. Nevertheless, a stop loss must be maintained below the trendline, with targets at $2.025 followed by a potential new all-time high.