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 […]
Tag: polygon
Polygon’s MATIC Sees Decline As Amber Group Recharges Tokens On Binance
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, […]
POLYGON MATIC PRICE ANALYSIS & PREDICTION (April 2) – Matic Sits At Support, Negotiating For The Next DrawDown
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 […]
POLYGON MATIC PRICE ANALYSIS & PREDICTION (March 25) – Matic Bounces After Locating Support, But Can It Hold Well?
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 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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
POLYGON MATIC PRICE ANALYSIS & PREDICTION (January 31) – Matic Resumes Buying But Is Now Facing Resistance At $0.83
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 […]
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 […]
POLYGON MATIC PRICE ANALYSIS & PREDICTION (January 24) – Matic Trades At Critical Support, Brewing For A Bigger Drop
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 […]
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 […]
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 […]
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 […]
Polygon’s Native Token, MATIC, Displays Resilience Amidst Challenges
Despite candid admissions from Polygon’s MATIC founder, Sandeepnailwal, regarding the “painful ride” experienced throughout 2023, the platform is wrapping up the year on a positive note. MATIC, the native token of Polygon, has witnessed a significant uptick in value over the past week, managing to emerge from a position of […]
Polygon’s MATIC Shows Bullish Momentum As Total Value Locked (TVL) Surges To $6,275,266,756
Polygon’s MATIC has recently taken a significant leap in the Total Value Locked (TVL) metric, surpassing major blockchain players like Ethereum, Solana, and Arbitrium. The impressive TVL now stands at an astounding $6,275,266,756, solidifying Polygon’s position as a key player in the blockchain scalability realm. This achievement is attributed to […]