MATIC price prediction: All eyes on $0.80

A significant increase in demand may trigger a price increase, as 87% of MATIC owners do not want to sell at a loss.
It shows that the level that prevents MATIC from reaching its challenging target of $0.80 is the resistance at $0.75.
Nearly 8,000 investors bought the favorite altcoin for a minimum price of $0.75. If these investors decide to sell to realize some of their profits, the price could fall below the $0.70 level.
However, the $0.75 resistance could turn into a larger accumulation zone if the new CEO appointment changes the rules of the game.
In this case, MATIC could retake $0.80 for the first time since the SEC lawsuit in early June.
However, the bullish prediction will be invalidated if the bears pull the price below $0.65. However, 6,500 investors who have purchased 115 million MATIC tokens at an average price of $0.65 can create a buy wall.
In the unlikely event that this buy wall supports the bears, MATIC could drop back towards $0.60.
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