Polygon Beats Estimates As MATIC Registers 26% Weekly Gain
Polygon (MATIC) surpassed expectations with regards to its trading price as it ended up being the top gainer in a seven-day period right now among the top 15 cryptocurrencies in terms of market capitalization. Trading at $1.11 according to latest tracking from Coingecko at press time, the altcoin managed to climb by 26% for the past week. Its biweekly and monthly performances are also impressive, increasing by 23% and 35%, respectively. Here’s a quick glance at how MATIC is ushering the new month. Polygon continues to hold the crucial $1 territory to preserve hopes of another bullish....
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The price of Polygon (MATIC) has struggled to stay above the key support zone of $0.8 as the price of Bitcoin (BTC) showed indecision for weeks as the price moved in a range for weeks between $19,500-$20,000 with the price stalling on the next movement. This has affected the price of altcoins, including Polygon (MATIC), as prices dropped below $0.8 but reclaimed that region quickly. (Data from Binance) Related Reading: Why Ethereum Price Longs Might Profit Ahead Of “The Merge” Polygon (MATIC) Price Analysis On The Weekly Chart The price of MATIC has had a difficult time replicating its....
The price of Polygon (MATIC) has shown great strength in the past few weeks against Tether as it maintained its bullish sentiment. Despite the retracement across the crypto market, Polygon has shown great strength holding above $0.75 compared to other crypto assets that have lost their key support. (Data from Binance) Related Reading: Majority Of Ethereum Investors Maintain Profitability Despite Decline Below $1,700 Polygon (MATIC) Price Analysis On The Weekly Chart From the chart, the price of MATIC saw its weekly low at $0.75; the price of MATIC bounced from that region to a price of $1....
MATIC price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength. MATIC rally caught short as BTC price continued to range. The price of MATIC must hold $0.72 support or face a drop-down to a weekly low. Polygon (MATIC) price showed some bullish strength recently, but the price has struggled to break above key daily resistance against tether (USDT). The price of Polygon (MATIC) has continued to range as bulls sweat over a potential break of the key support zone holding the price of MATIC from having a spiral down to a weekly low. (Data from Binance)....
As markets responded to Shadow Fork 9’s announcement, ETH was back in the green. Ethereum is currently regaining ground and progressing due to the favorable market situation. At the same time, some other altcoins are doing well on the weekly chart, such as Polygon (MATIC) and Lido DAO (LDO), which have seen considerable price increases over the last week and in the previous 24 hours as well. Related Reading | TA: Bitcoin Price Eyes Fresh Increase To $22K, Why Dips Remain Supported Only a few of the top 100 cryptocurrencies have been able to generate double-digit gains, and the....
MATIC’s price shows strength as price breaks bounced off from $0.76 with good volume with eyes set to reclaim $1. MATIC breaks out of a downtrend as the price resumes a bullish structure. The price of MATIC continues to trade above the 50 Exponential Moving Average (EMA) on the daily timeframe. The price of Polygon (MATIC) has remained strong despite the market uncertainties that have affected the price of many altcoins in recent weeks. Polygon (MATIC) has held strong, defending its support as the price is set for a major rally. The price of Bitcoin (BTC) showed strength bouncing....