There is growing optimism surrounding MATIC Coin due to positive changes in the RSI and active addresses. Despite a slight decline of 1.5% below the $1 mark, the altcoin has shown signs of recovery following a recent drop in price.

On March 14, MATIC Coin experienced a surge in price as active addresses on the network increased to 3,301, pushing the value to $1.27. This level had not been reached since February 2023, attracting users with its zero-knowledge proof network narrative.

The correlation between active addresses and price is evident, as daily active addresses dropped to 2,550 on March 24, causing a temporary price cooldown. However, by March 28, active addresses had risen to 3,069, signaling an upward trend. The Daily Active Addresses 7D Moving Average also supports this positive trajectory.

In addition to the rise in active addresses, the RSI has fallen to 59, indicating a consolidation phase. With optimistic signals from the increasing daily active addresses, the potential for price growth is highlighted.

Maintaining stability around the $0.90 and $0.95 regions during consolidation suggests a potential recovery. If this scenario unfolds, MATIC Coin could see price movements towards resistance levels at $1.17 and $1.30.

Compared to other altcoins like SHIB and DOGE, MATIC has experienced lesser losses. The upcoming month of April holds high expectations for the cryptocurrency market, raising the possibility of increased interest in MATIC as BTC continues to rise.