MATIC Leg Upward Incoming

[Lasky366]

MATIC has retraced of the Lower Boundary of an Ascending Channel on Weekly TF, as I shower earlier, locally it formed the Cup & Handle. Ready to go further upward, once crosses the Horizontal Resistance and confirms the pattern.

[leea-1334]

You know the thing about the altcoin rally now is that most of them (not all) are rising because of the Defi hype,,, while those that have nothing to do with it have not really been making as big moves. Unless MATIC has been also pretending to do Defi, I have to say its rise must mean something else, or is this just purely technical as your chart shows?