Polygon is Down for the 2nd Day in a Row

The Hourly View for Polygon

  • At the moment, MATIC’s price is down $-0.02 (-1.1%) from the hour prior.
  • This is the 3rd hour in a row Polygon has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Polygon’s hourly price chart is shown below.

MATIC

The Daily View for Polygon

  • At the moment, MATIC’s price is down $0 (-0.04%) from the day prior.
  • This is the 2nd day in a row Polygon has seen its price head down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between MATIC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in MATIC’s price.

Below is a daily price chart of Polygon.

MATIC

The Latest From MATIC’s Blockchain

  • MATIC’s average transaction value now stands at 37157.9153.
  • Over the past 29 weeks, the trend for MATIC’s daily large transaction count has been choppy and unclear. It has oscillated between 47 and 2363.
  • MATIC has an average transaction value of 37157.9153, up 340.62% from its value day prior.