Tag: polygon

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (May 19) – Matic Continues To Range At This Wedge’s Support, Incoming Big Move

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 […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (April 26) – Matic Tests This Wedge’s Lower Boundary, Is Rebound Possible? 

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 […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (March 11) – Matic Taps A Year High Following 10% Surge But Facing This Resistance, Can It Break Higher

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 […]

Crypto, News

Polygon MATIC Experiences Range-Bound Trading Amidst Selling Pressure

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 […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (February 17) – Matic Faces Crucial Resistance After Surge, Can It Breakthrough?

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 […]

Crypto, News

Polygon Foundation Wallet Moves 9 Million MATIC Tokens To Binance, Prompting Market Interest

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, […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (February 12) – Matic Sustains Recovery Amid Latest Market Evaporation, Up 10% In Three Weeks

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 […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (February 3) – Matic Ends Recovery At $0.83, Slowly Resuming Bearish Impulsive Movement

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 […]

Crypto, News

Polygon Nearly Matches Ethereum In User Acquisition in 2023, Adds 2.8 Million Users This January 

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 […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (January 18) – Matic Targets A Crucial Buying Zone, What’s Next After That?

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 […]

Crypto, News

Polygon Faces Allegations Of Token Allocation Issues And Suspicious Flows To Exchanges

Polygon, a prominent blockchain network, is under scrutiny for apparent discrepancies in its token distributions, raising concerns about potential collaboration with Binance, as reported by intelligence organization ChainArgos. ChainArgos conducted research revealing disparities between Polygon’s stated objectives for token distribution and the actual movement of tokens. The primary focus of […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (December 27) – Matic Enters Crucial Resistance Zone Following 30% Weekly Rally, Can It Break Out?

After losing steam last month, Matic fell and entered a range mode. Although it managed to rebound and push well above the 0.9 level following a massive surge in a week. Now on the verge of breaking out. Looking at the market structure, Matic appeared to have provided some discount […]