MATIC’s Price Drops by 0.58% as the Downslope Pattern Holds By CoinEdition

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MATIC’s Price Drops by 0.58% as the Downslope Pattern Holds

Cryptocurrency Dec 31, 2022 04:00AM ET

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MATIC’s Price Drops by 0.58% as the Downslope Pattern Holds

MATIC/USD

-1.87%

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Recent price study shows a declining market for Polygon (MATIC).

Technical indicators urge investors to be cautious in the near future.

In the midst of the decline, MATIC prices are facing resistance at $0.7633.

Polygon (MATIC) began the day with bullish dominance; however, after hitting an intraday high of $0.7633, the bulls began to lose ground. The bears pounced on the opportunity, and the MATIC price fell gradually until it reached support at $0.7516.

As of this writing, bears had succeeded in pushing the MATIC price down to $0.7574, a 0.58% slump.

This negative momentum has resulted in a 0.58% drop in market capitalization and a 6.60% drop in 24-hour trading volume, to $6,601,209,241 and $177,215,558 respectively.

MATIC/USD 24-hour price chart (source: CoinMarketCap)

Bollinger bands are contracting, with the upper band reaching $0.7803 and the lower band touching $0.7442, indicating th ...

The post MATIC’s Price Drops by 0.58% as the Downslope Pattern Holds appeared first on Coin Edition.

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US 500	3,958.1	+21.1	+0.54%
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S&P 500	3,936.97	-65.90	-1.65%
Nasdaq	11,669.96	-190.15	-1.60%
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US Soybeans	1,450.88	+1.88	+0.13%

U.S. 10Y	3.494	-0.006	-0.17%
U.S. 30Y	3.693	-0.004	-0.12%
U.S. 5Y	3.5696	-0.0050	-0.15%
U.S. 3M	4.7311	+0.0120	+0.26%
US 10Y T-Note	115.08	-0.02	-0.01%
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MATIC’s Price Drops by 0.58% as the Downslope Pattern Holds

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