MATIC Price Analysis: MATIC Jumps 8% as Investment Manager, Hamilton Lane Tokenizes on Ploygon

• The price of Polygon (MATIC) jumped 8% as The Fed announced its rate hike
• At the time of writing, MATIC was changing hands at $1.223
• Hamilton Lane’s $2.1 billion fund kicks off on Polygon (MATIC)

The price of Polygon (MATIC) jumped 8% as the Fed announced its rate hike. At the time of writing, MATIC was changing hands at $1.223. A NASDAQ-listed investment firm with over $829 billion in assets under management (AUM) unveils its pioneering solution for retail investors. It leverages Polygon Network (MATIC) tokenization instruments to dramatically lower the barrier of entry for enthusiasts. Hamilton Lane’s $2.1 billion fund kicks off on Polygon Network (MATIC) According to the official announcement shared by the Polygon network (MATIC) team, Hamilton Lane, a leading asset manager, launches its fund on Securitize, a Polygon-based tokenization vehicle. As the partnership kicks off, Hamilton Lane opens part of its Equity Opportunities Fund V to a wide group of individual investors via Securitize’s feeder fund. The tokenized fund lowers the “entry barrier” for investors by a factor of 250 times, from $5 million to $20,000.

Key Levels
Resistance Levels: $1.500, $1.400, $1.300
Support Levels: $1.150, $1.000, $0.900

MATIC/USD Daily Chart: Ranging

MATIC/USD Daily Chart

On the daily chart, MATIC/USD is still moving in a northward direction and is getting closer to the $1.30 hurdles, which, if broken, might pave the way for a test of $1.50. The MATIC/USD pair continues to trade above the immediate support level at $1.070, supporting the notion of an upside bias.

The price should return to the $1.150 mark if resistance at $1.30 holds. On the other side, if the price breaches the psychological level of $1.30, the next resistance at the $1.40 level may be reached. As long as the moving averages (MA 50 & MA 200) and support level at $1.070 does not move, a steady rise is anticipated.

MATIC/USD 4-Hour Chart: Ranging

MATIC/USD 4-Hour Chart

MATIC/USD is still trading in an upward pattern from $0.750, the intraday bias is still initially positive. On the four-hour chart, a stronger correction is developing, but the trend may still be bullish as long as the $1.150 support level holds. The persistent breach of the $1.250 zone, on the other hand, would support a short-term upward advance and go closer to $1.500.

A breach below the support level of $0.750 may result in weakness towards the support zone of $1.070/$1.000, as MATIC/USD remains susceptible to an upward bias in the near term. On the other side, resistance is visibly close to the intra-day high level of $1.257; the pair might carry over their progress into the next session.

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