Polygon (MATIC) is a cryptocurrency that has been gaining popularity in recent months. It is a layer-2 scaling solution for the Ethereum blockchain, which means that it can help to improve the speed and efficiency of Ethereum transactions.MATIC has been performing well in the market lately, and it is currently trading at around $1.20. This is a significant increase from its price of just $0.30 at the beginning of the year.There are a number of factors that are contributing to the bullish sentiment around MATIC. One factor is the growing popularity of decentralized finance (DeFi) applications. DeFi applications are built on the Ethereum blockchain, and they allow users to lend, borrow, and trade cryptocurrencies without having to go through a centralized exchange.As DeFi applications become more popular, the demand for MATIC is likely to increase. This is because MATIC can be used to pay for gas fees on the Ethereum blockchain. Gas fees are the fees that are paid to miners for processing transactions on the blockchain.Another factor that is contributing to the bullish sentiment around MATIC is the upcoming launch of the Polygon SDK. The Polygon SDK is a set of tools that will make it easier for developers to build DeFi applications on the Polygon blockchain.The launch of the Polygon SDK is expected to lead to an increase in the number of DeFi applications that are built on Polygon. This, in turn, is likely to lead to an increase in the demand for MATIC.Overall, the technical analysis and the fundamental factors are both bullish for MATIC. This suggests that MATIC is a good investment for the long term.Here is a more detailed look at the bullish pattern that MATIC is trading in:MATIC is currently trading inside a bullish pennant pattern. A pennant pattern is a technical analysis pattern that is formed when the price of an asset moves sideways within a range, and then breaks out of the range in the direction of the trend.In the case of MATIC, the pennant pattern has been forming since the beginning of May. The price of MATIC has been trading between $1.00 and $1.20 during this time.The breakout from the pennant pattern is likely to occur in the near future. When the breakout occurs, the price of MATIC is likely to move significantly higher.The target price for the breakout is $1.50. This is the height of the pennant pattern, and it represents a potential gain of over 20% from the current price of MATIC.Of course, there is always the possibility that the breakout does not occur. However, the technical analysis and the fundamental factors are both bullish for MATIC. This suggests that the breakout is more likely