In Brief On-chain data shows that crypto whales have accumulated POL tokens worth $65 million over the last seven days. The number of Polygon bulls have outpaced the number of bears, reinforcing the bullish sentiment around the token. POL has formed an inverse head and shoulders on the 4-hour chart, suggesting that the price could…
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In Brief MATIC price is currently under $0.50, awaiting a positive trigger to initiate recovery. The adoption rate of the asset is steady at 34% despite the recent decline in price. The investors’ sentiment is also largely positive, which is surprising considering their losses. Polygon (MATIC) price is in the same dark ditch as most…
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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 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 short Sandeep Nailwal recognizes limitless adaptability and blockchain interoperability as variables for Web3’s drawn out progress. Nailwal stresses the significance of user-friendly design and seamless interaction in improving the blockchain’s usability. Late information predicts that the worldwide blockchain interoperability market will outperform $1.98 billion by 2032. Polygon organizer Sandeep Nailwal makes sense of two…
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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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