MATIC makes it into the list of the top most purchased tokens by ETH whales. Its price action in the last 24 hours reveals that the token is still struggling to secure more upside. Polygon’s native token MATIC kicked off this week with a bullish pivot on Monday (12 December) and has been gradually recovering […]
ETH whale participation in MATIC’s prevailing bullish demand may strengthen its rally. Enough bullish momentum may help it soar above the 50-day moving average.
Such an outcome may have canceled out the buying pressure. Furthermore, MATIC’s age consumed metric registered increased activity in the last two days.The age-consumed metric might indicate that some large whales are taking advantage of the resurgence of bullish demand to secure exit liquidity.
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