May is looking up for Polygon (MATIC) price as it is seen to be in the green zone for two consecutive days. Polygon bulls have picked up steam and momentum in the new month after bears held the prices down since mid-February. Despite Polygon’s countless innovative partnerships and bullish news events, its native token remained…
The Polygon (MATIC) price is currently at a crucial moment. Despite bullish news, MATIC has been in a downtrend since mid-February. After retesting the March 10 low yesterday, the price is at a turning point. According to data from on-chain data provider IntoTheBlock, Polygon token holders in profit fell to 34% this week. This is…
MATIC price is recovering from the $0.95 support zone. Polygon might rise further but there is a major barrier forming near the $1.080 zone. MATIC price is attempting a recovery wave above the $1.00 resistance against the US dollar. The price is trading below $1.10 and the 100 simple moving average (4 hours). There was…
On-chain data shows the Polygon exchange supply has seen a sharp spike recently, something that could lead to a further downtrend for the asset. Polygon Exchange Supply Rises As Whale Makes 60 Million MATIC Deposit According to data from the on-chain analytics firm Santiment, around 7.92% of the entire MATIC circulating supply is on exchanges…
Polygon (MATIC) is below the $1 mark today as the bears continue to pressure its price. From April 19, 2023, it moved into a downtrend gradually to its current price level of $0.966 today. The recent price volatility and decline experienced by Bitcoin and Ethereum seem to have a ripple effect on other tokens in…
MATIC Below Key Support Levels: What's Next? MATIC had been consolidating between $1.4 and $1.8 until it faced bearish pressure and declined. Over the last week, it depreciated nearly 16%, with a 6% dip on the daily chart. The technical outlook indicated bearish price action, with a drop in demand and accumulation. Major altcoins also…
Amid the ubiquitous rally in the crypto market, multiple crypto assets including MATIC have climbed higher highs, thriving to reach their peak and beyond. While the catalyst behind the rally might be unclear, Polygon’s (MATIC) bullish trend could be a part of its upcoming zkEVM Network update. As the launch draws near, investors have continued…
MATIC price started a fresh increase from the $0.920 support zone. Polygon bulls are now aiming more gains above the $1.12 resistance zone. MATIC price started a fresh rally above the $0.98 resistance against the US dollar. The price is trading above $0.98 and the 100 simple moving average (4-hours). There was a break above…
Despite the increase in market capitalization, which shows investors might be returning, big large caps are still deemed undervalued. In a tweet posted today by blockchain intelligence firm Santiment citing the MVRV Z-score, Binance coin (BNB) is the only overvalued crypto amongst tokens with a large market cap. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano…
MATIC price started a fresh increase from the $0.80 support zone. Polygon bulls are now aiming a another increase above the $1.05 resistance zone. MATIC price started a decent increase above the $0.85 resistance against the US dollar. The price is trading above $0.92 and the 100 simple moving average (4-hours). There is a key…