Polygon collaborated with a finance giant in tokenizing assets. While NFT interest surged, MATIC could also remain bullish in Q1. As part of its plans to expand its impact in the crypto sector, Polygon [MATIC] secured a partnership with Hamilton Lane per its $2.1 billion tokenization flagship fund. In October 2022, the investment firm announced that […]
This was another confirmation that the OpenSea milestone was no fluke. Santiment data showed that crypto users have sustained the momentum of transacting on the Polygon network. At the time of writing,MATIC’s market cap in BTC’s termsPer price action, the Relative Strength Index showed that MATIC’s momentum had reversed to the overbought region. At 59.70. However, it was far above the oversold region, indicating that MATIC bulls were still sustaining the buying momentum.
In a case where the buying power supersedes sell pressure, the MATIC could remain in the rally region in the first quarter. Indications from the Exponential Moving Average also aligned with a short-term green level since the 20 EMA was above the 50.Subscribe to get it daily in your inbox.
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