In Brief Polygon price is currently stuck in consolidation, heading towards the resistance level at $0.746. MATIC holders are exhibiting signs of potential accumulation, which has historically resulted in rallies. Only 33% of the Polygon native token’s supply is in profits, making it eligible for considerable gains. Polygon (MATIC) price awaits strong bullish cues that could propel the altcoin…
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In Brief Polygon price is currently stuck in consolidation, heading towards the resistance level at $0.746. MATIC holders are exhibiting signs of potential accumulation, which has historically resulted in rallies. Only 33% of the Polygon native token’s supply is in profits, making it eligible for considerable gains. Polygon (MATIC) price awaits strong bullish cues that could propel the altcoin…
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In Brief MATIC price witnessed a 31% correction in the last ten days, bringing the price below $0.70. About $650 million worth of MATIC is on the verge of profits, which will drive investors to HODL instead of selling. MVRV Ratio is well below the opportunity zone, suggesting selling is far from the investors’ preference.…
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In Brief MATIC price in a falling wedge is vulnerable to a 35% correction. Network growth is at a six-month low, suggesting Polygon is losing traction. Whales are also dumping their holdings, having sold over $16 million worth of MATIC.Polygon (MATIC) price is facing potential correction owing to growing bearishness among investors. This sentiment has…
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In Brief The market witnessed a significant transfer of 3 million MATIC to the Kraken from an address linked to Hermez Network. Market analysts anticipate a potential market breakout for MATIC’s price, citiing the asset recent price resilience and growth. There is a notable increase in daily active addresses on Polygon’s proof-of-stake chain, indicating continued…
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In a word Celsius Organization moved 56.8 million MATIC tokens, worth $44.5 million, to trades as a feature of its obligation to reimburse clients impacted by its breakdown. FTX and Alameda Exploration additionally effectively moved more than $15 million in digital forms of money to major crypto exchanging stages like Binance and Wintermute. In the…
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In a word The Polygon (MATIC) cost made a negative week by week candle the week before. It had made four bullish ones in succession before it. The week by week time span Relative Strength List (RSI) and cost activity are both bullish, proposing that a breakout will follow. Notwithstanding the bullish Polygon (MATIC) cost…
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To sum things up On-chain examination shows bullish pointers for Polygon (MATIC) as it recovers the $0.80 region, with a huge expansion in everyday exchanges. Following the declaration of Polygon’s symbolic relocation, the organization exchange count has arrived at its most elevated level since Sept. 28. The new expansion in MATIC open revenue by $100…
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Briefly on Monday, Polygon (MATIC) fell to a new 2023 low of $0.50 after the Binance exchange confirmed that Polygon Network had been removed from NFT Marketplace. On-chain data indicates that investors’ Exchange Inflows of 40 million MATIC tokens over the past week increased bearish pressure. A cost moving bunch of MATIC whales has previously…
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In short Over the last 10 exchanging days, Polygon (MATIC) cost has neglected to recover the $0.60 domain, slipping as low as $0.53 as the bears stay in firm control. Sandeep Nailwal, co-founder of Polygon, recently provided an update that may reduce the positive divergence that exists between MATIC price and Network Activity. In spite…
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