Polygon (MATIC/USD) is back in the news after a string of events. This time, the network is entering the metaverse, which is a new milestone.

Polygon announced on November 12 that it was bringing the first airport to the metaverse. The blockchain announced the entry of BLR Airport into the virtual world. BLR will benefit from displaying its services to customers in a virtual environment. A successful endeavour, on the other hand, could result in more metaverse projects building on Polygon and increasing the utility of its token.

It is too early to predict how successful Polygon's metaverse endeavours will be. However, we already know that the virtual reality world expanded dramatically last year, boosting tokens associated with associated platforms. As a result, the most recent cryptocurrency news should be well received by Polygon fans.

Meanwhile, data from Glassnode show that the total number of MATIC addresses has increased over the last month. The expansion occurs in the midst of a largely bear crypto market, indicating that investors value Polygon highly. As a result, 

MATIC price forecast as it approaches resistance

On the daily chart, MATIC's momentum is weak due to a bearish MACD crossover. MATIC, on the other hand, is stable, as bulls held the $0.77 level when the market crashed last week. The cryptocurrency is rising, but the $0.96 resistance is keeping it in check.

Is MATIC on the verge of turning bullish?

The price of MATIC has recovered slightly, but there is no indication that the token will soon become bullish. To consider a bullish bias, the cryptocurrency must break through $0.96.

If the price does not receive a catalyst to break higher, the cryptocurrency is vulnerable to consolidation at the current level. Investors should wait for a key level breakout.