Will Polygon (MATIC) Price Re-Test $1 Support as Whales Decrease Holdings?
Whales Decreasing MATIC Holdings
Whales are reducing their MATIC holdings, indicating a potential significant correction in the coin's price. A decrease in whale activity and active addresses may lead to a further decline in MATIC value.
Daily Active Addresses Decline
The count of Daily Active Addresses on MATIC has decreased, suggesting a stabilization in the price, possibly leading to reduced volatility in the near future.
IOMAP Chart Predictions
The In/Out of the Money Around Price (IOMAP) chart shows potential support at $1.15 for MATIC, but a failure to maintain this level could result in a decline to $1.01 range.
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