Polygon (MATIC) Price Surge: Investors Optimistic About Swift Comeback
Tuesday, 23 April 2024, 17:00
Polygon (MATIC) Price Surge: Rapid Recovery Supported by Investor Sentiment
The MATIC price is on a recovery trend fueled by investors' optimism. With minimal selling pressure and active addresses primarily in profit, the sentiment remains bullish.
Investors' Optimism
- Polygon investors are supporting the recovery, showing minimal selling activity and preferring to HODL.
Futures Market Confidence
- Traders in the Futures market are making bullish bets on MATIC prices, evident from the increasingly positive funding rates.
The bounce off the crucial support level of $0.72 could lead to a rise to $0.81, while a breach might result in a drawdown scenario to $0.60.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.