![Why Chainlink [LINK] and MATIC are more similar than you think](https://i.headtopics.com/images/2024/4/19/cryptoamb/why-chainlink-link-and-matic-are-more-similar-than-why-chainlink-link-and-matic-are-more-similar-than-54EF01CE97464EBE7BC250DDE0C4FA8D.webp)
Chainlink and Polygon have similar price trends, which could present an opportunity for new buyers despite the negatives.
At the time of writing, the market cap of LINK stood at approximately $7.7 billion, while MATIC’s was around $6.5 billion.
These negative MVRV values could signal forthcoming price corrections for both LINK and MATIC. The decline might also allow new traders to enter the market.on a daily timeframe chart indicated that it was oversold at press time. The chart also revealed three consecutive days of decline before this, resulting in a loss of over 6%.was experiencing a similar trend. At the time of this writing, its RSI was below 30, indicating oversold conditions and a strong bear trend. It was trading around $0.6, with a slight decline observed.
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