As March comes to a close, the focus remains on Bitcoin's struggle to reach its peak, causing altcoins to tread cautiously. However, investor sentiment is becoming more positive as April approaches, indicating a potential upward trend. One altcoin, MATIC Coin, is gaining attention due to recent network activity and technical developments.

Increased Engagement on the Network

There has been a notable increase in the number of active addresses using MATIC Coin, generating more interest in the asset. Despite a slight dip in price, the altcoin's path to recovery is attracting investors. Currently priced just below $1, MATIC Coin has seen only a minimal drop today.

On March 14, the value of MATIC Coin surged to $1.27 as active addresses on the network reached 3,301, a level not seen since February 2023. This spike in network engagement echoes the momentum gained from the zero-knowledge proof network narrative earlier in the year.

Positive Indicators for Momentum

The correlation between active addresses and the price of MATIC Coin is evident. While active addresses decreased to 2,550 by March 24, leading to a cooling of the price, they rose to 3,069 by March 28. Additionally, an uptick in the Daily Active Addresses 7D Moving Average indicates a potential trend of increased engagement.

Adding to the growing confidence, the Relative Strength Index (RSI) has stabilized around 59, suggesting a consolidation phase with room for growth. With a rise in daily active addresses, the potential for an increase in RSI could fuel further optimism regarding the price trajectory of MATIC Coin.

MATIC Coin remains steady in the $0.90 to $0.95 range, maintaining these levels during consolidation. This stability may imply a forthcoming rebound, with the price aiming for resistance levels at $1.17 and $1.30. Compared to other altcoins like SHIB and DOGE, MATIC Coin's performance has been more favorable. Anticipations for April, along with a positive general market outlook, indicate that MATIC Coin could witness a significant surge in interest coinciding with a potential rise in Bitcoin's value.