Polygon’s underground work across HermezEVM and everything latest
On the daily chart, MATIC’s accumulation and distribution seemed to have contrasting views with the metrics on-chain. With the Accumulation/Distribution at 5.49 billion, MATIC investors steadied the “buying and selling ship.” So, this could signal some relief for investors expecting a short-term profit.
While MATIC traded at $0.77, the Bollinger Bands press time stance did not drive a further price uptick. At press time, the BB was showing extremely low volatility. Hence, expecting a significant spike in price may be impossible. Indications from the Awesome Oscillator also shared the same sentiment with its value at -0.056.Subscribe to get it daily in your inbox.
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