Could Polygon (MATIC) Correction See Price Drop Below $1? thumbnail
Could Polygon (MATIC) Correction See Price Drop Below $1?
cryptonews.net
Polygon’s price has dropped from $1.26 to $1.05 at the time of writing MATIC fell through multiple support levels and the 50-day Exponential Moving Average (EMA Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) exhibit bearishness Combining the two, it is evident that th
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  • Polygon’s price has dropped from $1.26 to $1.05 at the time of writing
  • MATIC fell through multiple support levels and the 50-day Exponential Moving Average (EMA
  • Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) exhibit bearishness
  • Combining the two, it is evident that the signal is to sell since both are in the negative/bearish zones, respectively.
  • the sell signal is intense since the Market Value to Realized Value (MVRV) ratio is already below the zero line.

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