Should You Buy Polygon (MATIC) Sunday?

InvestorsObserver gives Polygon an average long-term technical score of 51 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.

MATIC at this time has a superior long-term technical analysis score than 51% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 51
InvestorsObserver is giving Polygon a 51 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Polygon!

Trading Analysis

Polygon’s price is -$0.2800000 (-16.36%) below its 100-day moving average price of $1.740000000 as its price at the moment sits at $1.450000000. Additionally, MATIC is $1.1600000 (-3198.42%) higher than its 52-week low price of $0.300000000 while -$1.47000000 (-292.36%) under its 52-week high of $2.920000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives MATIC an average long-term technical score of 51. Long-term trading movement of Polygon suggest that investors are neutral on the coin at the moment.

Polygon currently has a total market cap of $11,278,404,027.11 to go along with its average daily volume of $2,167,636,021.07 worth of the currency over the past seven days. MATIC’s volume is below its seven day average as of the past 24 hours, with 323,662,612.76 exchanged in that period.

This coin’s subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.


MATIC’s historical trading over the past year gives it a an average long-term technical score of 51 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.

Click Here to get the full Report on Polygon (MATIC).

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

Thank you for signing up! You’re all set to receive the Morning Update newsletter

Read Full Article


Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here