Polygon network keeps booming, but can zkEVM save MATIC from loss

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Polygon network keeps booming, but can zkEVM save MATIC from loss
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Polygon zkEVM registered growth during the last seven days. New partnerships for Polygon, but price action remained negative. Polygon [MATIC] published Polygon zkEVM’s latest statistics on 31 January. As per the data, zkEVM’s growth over the last week looked promising for the Polygon network. Source code available? CheckPublic testnet? CheckLive prover? Check Zero Knowledge doesn't […]

’s daily chart further established that the bears gained an advantage in the market over the bulls. The MACD displayed the possibility of a bearish crossover soon. MATIC’s Relative Strength Index registered a decline, which was a development in the sellers’ favor.

The Money Flow Index also declined and was hovering near the neutral mark. As per the Bollinger Bands, MATIC’s price was in a high volatility area, which raised the probability of a price decrease. The Exponential Moving Average Ribbon gave investors much-needed hope, as the 20-day EMA was still above the 55-day EMA.Subscribe to get it daily in your inbox.

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