![Polygon [MATIC] sees uptick in these metrics, what does the future hold](https://i.headtopics.com/images/2023/3/25/cryptoamb/polygon-matic-sees-uptick-in-these-metrics-what-do-polygon-matic-sees-uptick-in-these-metrics-what-do-1639470915426877441.webp)
MATIC transaction surged considerably, and accumulation also increased. NFT space witnessed decline and market indicators were bearish. Polygon [MATIC] witnessed a massive surge in transactions as the metric crossed $40 million in value on 24 March. MATIC was the only top-10 crypto that registered these numbers. Apart from Polygon, Fetch [FET], and The Sandbox [SAND] registered […]
’s Relative Strength Index registered a slight decline, which was bearish. The Bollinger Band’s findings indicated that MATIC’s price was in a less volatile zone, further decreasing the chances of a northbound breakout in the near term.
However, the token’s Money Flow Index remained bullish, as it was moving above the neutral mark. Combining that with the upcoming zkEVM launch, the possibility of a trend reversal can’t be ruled out.Subscribe to get it daily in your inbox.
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