Polygon Price Analysis: V-top Reversal may Direct MATIC to $0.31 Support

Polygon (MATIC) price is losing for the sixth consecutive day, depreciating nearly 28%. The V-top reversal initiated from the $0.63 mark tends to breach immediate support of $0.45.

Timeline of Polygon

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] has made strides in going green, but on the chart, red dominated.

The meme-inspired cryptocurrency Shiba Inu ($SHIB) and a few other cryptoassets including Polygon ($MATIC) and Unifi are the few altcoins that have been listed on the Nasdaq-listed cryptocurrency exchange Coinbase in 2021 and 2022 to remain above listing price. According to an analysis conducted by pseudonymous on-chain analyst Onchain Wizard, for 2021 and 2022 the

Contemporary art is increasingly becoming digital, and non-fungible tokens (NFT) are the drivers of virtual art. Bulgari is in partnership with Luxochain, Temora, and Polygon to launch its newest products; emeralds, rubies, and the newest of them all, NFT.

MATIC's recent bearish pull below the 40 EMA posed revival barriers for the buyers. While the altcoin enters into a high volatility phase, the existing structure exhibited an outlook that was more toward the neutral side.

A widely followed crypto analyst is predicting that three altcoins, including Solana (SOL) and Polygon (MATIC), appear poised for a corrective move after rallying from their 2022 lows. Pseudonymous crypto trader Altcoin Sherpa tells his 179,500 Twitter followers that he expects one indicator on the four-hour chart to act as a resistance that could send The post Crypto Strategist Warns Solana (SOL), Polygon (MATIC) and One Additional Altcoin Primed for Pullbacks appeared first on The Daily Hodl.

British luxury car manufacturer Bentley Motors Limited is dipping its toes into the Web3 ecosystem with the launch of a non-fungible token (NFT) collection on Ethereum scaling platform Polygon, the company announced today. The post Bentley Motors gears up to drop its Genesis NFT collection on Polygon appeared first on CryptoSlate.

Although most crypto traders are focused on Bitcoin, Polygon's native currency MATIC is generating quiet gains. The MATIC price has increased by more than 20% in the previous 24 hours. At the time of writing, MATIC was trading 21% higher at $0.60, with a market valuation of $3.9 billion. The current MATIC price increase coincides …

Polygon (MATIC) has been one of the handful of projects that have amassed the cryptoverse, with its utility and sprawl on the charts. Not to miss out, Polygon has also changed the perception of the masses around layer-2 protocols. The network has now set up a benchmark for emerging layer-2 protocols.  Its native token MATIC …

The decentralized Ethereum scaling platform ticked off its first sustainability milestone by achieving carbon neutrality this week. By investing $400,000 in carbon credits, Polygon is now one step closer to becoming carbon negative.

Coinbase announced that it will be phasing out the Pro version of its exchange later this year to focus on its Advanced Trade platform. The post Coinbase Pulls Curtains on Pro Platform; Adds Polygon and Solana Integrations appeared first on BeInCrypto.