Polygon shows potential with a 1218-day symmetrical triangle accumulation, trading at $0.5284, market cap of $4.94B, and TVL of $11.50B.
Despite recent bearish signals, Polygon’s 24-hour trading volume and TVL reflect strong user engagement.has been displaying noteworthy technical patterns and market movements. Recently, crypto analyst Alex Clay noted an accumulation phase, suggesting potential high returns.
Polygon’s market capitalization stood at $4.94 billion at press time, with a fully diluted valuation of $5.32 billion. The 24-hour trading volume was $305.77 million, indicating active trading and liquidity. The MACD line was below the signal line, indicating bearish momentum. However, the histogram is slightly positive, suggesting weak buying pressure. If the MACD crosses above the signal line, it could indicate a potential bullish reversal for MATIC.At press time, the RSI was at 46.73, below the midpoint of 50, indicating bearish sentiment. It is not in the oversold territory, suggesting more room for a downtrend. Significant buying could push the RSI into a bullish zone.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano whale activity surges 1218% in 7 daysCardano (ADA) Whale activity surges by 1218% driving ADA's prices to a 21.35% surge in 7 days and 2.5% increase in 24 hrs.
Read more »
Polygon crypto: Key signals show another MATIC sell-off is imminentPolygon crypto showed strong signs of bearishness and is likely to experience more price losses- watch out for this critical support level.
Read more »
Polygon logs 200% hike in THIS key metric: Can it help MATIC?Polygon has seen a 200% increase in active addresses since the start of the year. Will MATIC see green in the future?
Read more »
Polygon dApp volume crosses $100M: Will this help MATIC’s price?Polymarket, a decentralized application built on Polygon, surpassed $100 million in volume, indicating a significant increase in activity.
Read more »
MATIC struggles at $0.5 resistance: Here’s why a dip may followMATIC retested the $0.5 level as resistance but was unable to climb above it, and the technical indicators show further price drops are likely
Read more »
MATIC’s bearish week to turn bullish? Analysts predict rally to $4-$5Polygon [MATIC] has been struggling to lift its price for quite some time now, but the entire trend might change soon
Read more »