On-chain data shows that altcoin whales have been highly active recently, something that could lead to volatility in the prices of these assets. Altcoin Whales Have Displayed One Of The Most Active Days Of 2023 According to data from the on-chain analytics firm Santiment, several altcoins have seen transfers worth more than $10 million in…
The MATIC price recovery has faced a hurdle in recent trading sessions, despite its impressive rebound after surpassing the $0.50 level. Although the altcoin experienced a notable 18% appreciation on the weekly chart, it lost 3% of its market value within the past 24 hours. The overall sentiment remains bearish as demand and accumulation for…
MATIC price is recovering from the $0.55 support zone. Polygon might rise further toward the $0.725 and $0.750 resistance levels. MATIC price is attempting a recovery wave above the $0.60 resistance against the US dollar. The price is trading above $0.64 and the 100 simple moving average (4 hours). There was a break above a…
At the time of writing, MATIC was trading at $0.64. Following its drop below the $0.90 price level, the altcoin has been experiencing a downtrend, but there have been attempts by the bulls to reverse this trend. The key resistance level for MATIC is currently set at $0.70, and if the price manages to surpass…
Polygon Labs, the engineering team behind the popular Polygon PoS (Proof of Stake) chain, has proposed a major upgrade to the network. The upgrade would introduce a “first-of-its-kind” decentralized L2 (Layer 2) secured by zero-knowledge (ZK) proofs, making the Polygon ecosystem more secure, performant, and a core part of the upcoming Polygon 2.0 ecosystem. This…
Polygon (MATIC), one of the prominent Web3 networks, has recently experienced a period of volatility in its price. Currently trading at $0.625112 USD, with a 24-hour trading volume of $547,815,952 USD, MATIC has shown a 9.63% increase in the last 24 hours. Polygon has rebounded from the bearish sentiments earlier in the week. This comes…
Over the past 24 hours, the Polygon (MATIC) price has shown attempts to reverse its downward movement. The altcoin has regained more than 4% of its value during this time. However, on the weekly chart, MATIC has experienced a decline of over 27%, causing it to breach important support levels. The technical analysis of MATIC…
MATIC is currently facing increased uncertainty as it has been officially classified as a security by the US Securities and Exchange Commission, as revealed in the recent filing against Binance. Consequently, the Polygon blockchain token experienced a significant drop of 31% within a week, setting a new record. However, there is some positive news as…
In a market heavily influenced by Bitcoin (BTC) and Ethereum (ETH), their slight price decline recently has been overshadowed by a more substantial fall in larger altcoins. Notably, Cardano (ADA), BNB (BNB), Polygon (MATIC), and Solana (SOL) have seen a more than 10% drop over the past week. This downturn traces back to regulatory actions…
MATIC has experienced a downward trend over the past few months, but there is a possibility of a reversal. In the last 24 hours, the altcoin attempted a slight 0.2% increase, but the weekly chart showed a 13% depreciation, indicating a strong bearish dominance from a technical standpoint. Both demand and accumulation indicators were negative,…