MATIC investors can expect the next bull rally after...
’s on-chain metrics supported the token and indicated that good days were about to come. For instance, after declining over the last week, MATIC’s Market Value to Realized Value Ratio registered an uptick, a positive sign, indeed.Furthermore, the number of daily active addresses increased over the last week, indicating that there were more users on the network.
Surprisingly, MATIC’s volume also went up last week, but at the time of writing, it was down. Contrary to the developments given above, Santiment’s data revealed a decline in MATIC’s network growth.’s daily chart gave some hope to the investors as a few market indicators were in support of a price surge in the days to come. The 20-day Exponential Moving Average was resting just below the 50-day EMA , increasing the chances of a bullish crossover soon.
Furthermore, MATIC’s Money Flow Index also registered a slight uptick, which was bullish. Nonetheless, the Chaikin Money Flow went down and was heading toward a neutral position. Similarly, the Relative Strength Index was also resting at the neutral mark, restricting MATIC’s price from going up in the short term.Subscribe to get it daily in your inbox.
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