With most of the cryptocurrency market struggling during a bear period, Polygon (MATIC) is no exception, with machine learning algorithms showing no signs of bullishness in crypto’s future by the end of the month.
In fact, analysis of cryptocurrency monitoring and forecasting platforms price prediction The latest data obtained by Finbold on June 15 currently suggests that Polygon’s price will drop to $0.567,125 by June 30, 2023.
Specifically, machine algorithms collectively examine technical analysis (TA) indicators such as Moving Average Convergence Divergence (MACD), Bollinger Bands (BB), and Average True Range (ATR) to ensure that the MATIC price is currently Nearly 5% less than the price of
MATIC price analysis
At the time of writing, MATIC’s price is hovering at $0.5966, down 9.18% today, down 23.60% over the past week, down 30.07% month-on-month, and then down 19.81%. turn of the year.
In terms of technical analysis sentiment of Polygon Token on the 1-day gauge in financial and crypto analysis platforms TradingViewis also largely pessimistic, with the outline suggesting a sell at 15 as the Oscillator points to Neutral at 8 and the Moving Average (MA) points to a Strong Sell at 14. doing.
Development of Polygon
As Finbold reported on June 9, Polygon is one of three prominent digital assets delisted by cryptocurrency exchange Robinhood after being classified as an unregistered security by the U.S. Securities and Exchange Commission (SEC). It should also be noted that one of
That said, MATIC is currently one of the top 3 trending cryptocurrencies on cryptocurrency tracking platforms. coin market caponly preceded by Pepe (PEPE), who is still riding on the meme hype, and Cardano (ADA), which has joined Polygon to oppose the SEC’s “security” label.
Disclaimer: The content of this site should not be considered investment advice. Investments are speculative. When you invest, your capital is at risk.
