Matic Network Analysis

Hi guys!

First, what is the Matic Network?
Currently 86th in total market capitalization, the coin has been showing high volume on Binance in the last 24h.
The project aims at a scalable network and low-cost transactions.

I am analysing the $BINANCE:MATICBTC chart so that we can predict this kind of scenario on future coins.
In short, we had a huge rally, then a period of doubt, and finally the breakout..
Right know, I think the coin is available at a discount (200% drop anyhow). The drop was due to rumors and whales from what I read.

What do you think about the coin?