Will Polygon (MATIC) Price Re-Test $1 Support as Whales Decrease Holdings?

Thursday, 14 March 2024, 22:00

Whales are reducing their MATIC holdings, leading to a potential significant correction. The slowdown in whale activity and new user engagement hints at shifts in MATIC price. With declining momentum in active addresses and weak support levels, the downward pressure on MATIC's price may increase, possibly resulting in a further decline.

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.


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.


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