As March comes to an end, Bitcoin has not yet reached its highest value again, making other cryptocurrencies cautious about their own peaks. However, investors are feeling more positive as April approaches, hinting at a possible better trend. MATIC Coin is catching people's attention due to recent developments in its network activity and technical signals.

Rise in Network Participation

The increase in the number of active users using MATIC Coin has sparked more interest in this digital asset. Despite a recent slight drop in its price, the altcoin's recovery path is attracting investors. Currently trading at just under $1, MATIC Coin has seen only a small decrease today.

On March 14, the value of MATIC Coin surged to $1.27 as the number of active users on the network rose to 3,301, reaching a level not seen since February 2023. This surge in network participation echoed the momentum seen earlier in the year with the zero-knowledge proof network narrative.

Positive Signs from Indicators

There seems to be a connection between the number of active users and the price of MATIC Coin. Although the number of active users dropped to 2,550 by March 24, causing a price dip, it rose back to 3,069 by March 28. Additionally, an increase in the 7-day moving average of daily active users indicates a possible trend of growing engagement.

Adding to the growing confidence, the Relative Strength Index (RSI) has stabilized around 59, suggesting a period of consolidation with potential for growth. With the increase in daily active users, there is room for the RSI to rise, potentially boosting optimism for the price trend of MATIC.

MATIC Coin is maintaining its value in the range of $0.90 to $0.95, holding steady during this consolidation phase. This stability could indicate a potential rebound, with the price aiming at resistance levels of $1.17 and $1.30. Compared to other cryptocurrencies like SHIB and DOGE, MATIC has performed better, and the expectations for April, along with a positive market outlook, indicate that MATIC could attract more interest as Bitcoin potentially rises.