Cryptocurrency News
Compared to other Layer 2 tokens, which have seen a notable increase in the past few days, Matic struggles with volatility as it briefly recovers. It encountered resistance and now looks poise for a fresh drop. Following a monthly crash to a two-year low of $0.428, Matic quickly rejected the […]
Matic’s bearish structure remains intact but is now trading calmly in a demand zone after losing more than half of its value in three months. This could be a turning point for the asset if the bulls act upon the zone. After undergoing a series of reductions in the past […]
Polygon MATIC continued to maintain its sideways movement on a short-term scale. It is still trading around a wedge’s lower boundary but currently appears calm on the day after witnessing steady drops for three days. Matic appeared to be trading in a tight price range for a couple of weeks, […]
Matic’s bull appears a bit weak today after witnessing a small growth in the last couple of days. However, the trend is still looking bearish daily while it ranges above a six-month broadening wedge’s support. Since last month, Matic has been finding it difficult to regain momentum as the price […]
While some top coins have recovered nicely alongside Bitcoin, Matic still finds it difficult to regain strength as it trades at around wedge’s support. The price is weak as it enters an oversold area on the daily chart. The FUD (Fear Uncertainty and Doubt) surrounding the crypto market lately has […]
Polygon’s native token, MATIC, has experienced a significant downturn this week, shedding approximately 23% of its value and currently trading at $0.677. In the midst of this market decline, Amber Group, a prominent player in the crypto space, made a notable move by recharging 12.75 million MATIC tokens to Binance, […]
Matic is in a downward range again after facing resistance in the past week. It has lost 5% this week with no sign of stopping yet. However, the price is trading at a key support level, negotiating for the next leg down. A week ago, Matic initiated another sell after […]
This week saw Polygon MATIC through a break in selling after finding a solid ground level. Following a slight surge today, it currently trades at a key psychological level as it remains trapped in a broadening wedge. Matic is slowly bouncing back after posting losses for over a week. It […]
Polygon’s MATIC market cap continued to increase by the day, causing a notable surge above a key psychological level this month. It just tapped a year high following a daily 10% gain and seems set to claim more in the coming days. The past weeks have been a back-to-back increase for […]
Today, Polygon MATIC token is exhibiting a range-bound behavior, encountering slight selling pressure in the early trading hours. The selling pressure emanated from reports provided by Spotonchain, indicating that Wallet 0xa31, associated with the Hermez Network, deposited 3 million MATIC tokens ($2.85 million) to Kraken at an average price of $0.95 […]
Following a nice bounce above the $0.80 range last week, Matic increased by another 15% this week to reclaim a key resistance level. The price is currently stuck as it negotiates for the next major move. Matic’s recovery has been impressive over the past weeks following a sharp bounce off […]
In a surprising turn of events, a wallet associated with the Polygon Foundation recently transferred 9 million MATIC tokens to Binance, one of the leading cryptocurrency exchanges, sparking significant attention within the crypto community. According to insights from analytics firm Spotonchain, Wallet 0x57f, which is linked to the Polygon Foundation, […]
Matic has seen a nice recovery after witnessing a serious meltdown in the last couple of weeks. It resurged this month to a three-week high after registering a 5% increase in a week. The bulls appeared back! Last month saw Matic through several drops in the first month of the […]
Matic is down 3% today following a recent price rejection. This led to a slight decrease over the past hour as bearish actions slowly returned to the lower time frame. Matic further recovered this week and completed a retracement movement after testing $0.83. It faced rejection there and initiated a […]
Yesterday saw Matic through a slight break in buying after rising for a week. It has resumed positive actions following an increase in volume inflow over the past hours. It looks stuck at a key resistance at the moment. The bearish correctional phase seemed to be fading on the daily […]
In 2023, Polygon, a Layer-2 scaling network for Ethereum, came close to rivaling Ethereum in crypto user acquisition, as per data from blockchain analytics firm Flipside. The gap between Polygon and Ethereum was narrow, with Polygon gaining an impressive 15.24 million users compared to Ethereum’s 15.4 million. NEW: Polygon acquired […]
The past few weeks saw Matic through a steady decrease, bringing the market to a critical support area. While it decreases by more than 20% in a month, these losses are just a tip of the iceberg as a bigger drop lies ahead. Looking back, Matic started to lose momentum […]
After declining from a 21-month high in the past month, MATIC activated another drawdown a few days ago and approaches a two months support. A huge price movement should be expected if the price drops below it. MATIC slipped below the $0.83 level yesterday in continuation of its bearish trajectory […]