Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Polygon Trades in a Bearish Trend Today, But the Bulls Are Lurking

Published 01/17/2023, 06:31 AM
Updated 01/17/2023, 07:00 AM
Polygon Trades in a Bearish Trend Today, But the Bulls Are Lurking

  • MATIC has been on a bearish trend in the past day dragging the price to $1.01.
  • Indicators show that the downtrend won’t last for long before a bullish reversal.
  • Bulls are now in control in the four-hour chart.

Given that the price has been moving down over the last 24 hours, Polygon’s (MATIC) price analysis is indicating a drop. Although the cryptocurrency swayed positively earlier this week, bears have grabbed control and driven MATIC/USD prices down to $1.01 as of this writing.

In comparison to Bitcoin (BTC) and Ethereum (ETH), MATIC declined by roughly 1.03% and 0.68%, respectively. The 24 hour trading volume for MATIC is currently in the green zone at $561,268,461, an increase of more than 9.09% for the past day.

The post Polygon Trades in a Bearish Trend Today, But the Bulls Are Lurking appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.