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MATIC Could Be Breaking Its Troublesome Streak This Week

Polygon (MATIC) signals upsurge following a period of downwards price movement. The price of MATIC experienced a 26.74% gain in the last 24 hours.The weekly performance of MATIC...
MATIC Could Be Breaking Its Troublesome Streak This Week MATIC Could Be Breaking Its Troublesome Streak This Week

    • Polygon (MATIC) signals upsurge following a period of downwards price movement.
    • The price of MATIC experienced a 26.74% gain in the last 24 hours.
    • The weekly performance of MATIC is also positive.

Polygon’s native cryptocurrency, MATIC, has started moving upwards following a period of downwards price movement.

According to the crypto market tracker CoinMarketCap, the price of MATIC is around $0.5064. This is approximately a 26.74% gain over the last 24 hours. This recent price upswing has also seen the coin’s weekly price movement turn positive, as MATIC is up 22.03% in the last 7 days.

Currently ranked as the 18th biggest project in terms of market cap, MATIC has a total market cap of around $4.00 billion. This ranks the coin underneath Avalanche (AVAX) which has a market cap of around $4.81 billion and above Litecoin (LTC) which has a total market cap standing at approximately $3.89 billion.

MATIC/USDT weekly chart (Source: TradingView)

The weekly chart of MATIC/USDT shows how its price has been plummeting for the last 12 weeks as the crypto bear market took its toll on the token. During these 12 weeks, MATIC’s price dropped from $1.759 to as low as $0.332 — an 80+% drop in price.

Of the 12 weekly candlesticks in this sequence, there was one green candle. However, the wick of the candle was a strong sign that the selling pressure was too much for bulls as the price continued to fall and drop below a key weekly level at $0.951.

Now, it seems as if the weekly situation for MATIC may turn around as a green candle is starting to form. However, it may be too early to call the close just yet as we approach the end of the week, which is a period of profit-taking and cashing out. This may see the candle close as a green candle, but not by a convincing margin.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

Continue reading on CoinQuora

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30-06-2022 23:21:11 (UTC+7)

EUR/USD

1.0469

+0.0030 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

EUR/USD

1.0469

+0.0030 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

GBP/USD

1.2164

+0.0040 (+0.33%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (0)

USD/JPY

135.68

-0.90 (-0.66%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

AUD/USD

0.6910

+0.0029 (+0.42%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

USD/CAD

1.2874

-0.0018 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

142.04

-0.54 (-0.38%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (0)

Sell (5)

EUR/CHF

0.9988

+0.0017 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Gold Futures

1,811.65

-5.85 (-0.32%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

Silver Futures

20.380

-0.358 (-1.73%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (2)

Copper Futures

3.7215

-0.0590 (-1.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

107.06

-2.72 (-2.48%)

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↑ Buy

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Brent Oil Futures

110.26

-2.19 (-1.95%)

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Natural Gas Futures

5.778

-0.720 (-11.08%)

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↑ Sell

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Sell (11)

Indicators:

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Sell (9)

US Coffee C Futures

230.68

+2.43 (+1.06%)

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↑ Buy

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Buy (12)

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Indicators:

Buy (9)

Sell (0)

Euro Stoxx 50

3,454.86

-59.46 (-1.69%)

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↑ Buy

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Buy (12)

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Indicators:

Buy (6)

Sell (3)

S&P 500

3,795.10

-23.73 (-0.62%)

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↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (3)

DAX

12,783.77

-219.58 (-1.69%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (3)

FTSE 100

7,169.28

-143.04 (-1.96%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

Hang Seng

21,859.79

-137.10 (-0.62%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

US Small Cap 2000

1,708.40

-4.92 (-0.29%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (2)

IBEX 35

8,098.70

-89.30 (-1.09%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

BASF SE NA O.N.

41.525

-0.055 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

56.72

-0.90 (-1.56%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (2)

Allianz SE VNA O.N.

182.12

-1.60 (-0.87%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

Adidas AG

168.76

-1.26 (-0.74%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

Deutsche Lufthansa AG

5.564

-0.249 (-4.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Siemens AG Class N

97.09

-4.31 (-4.25%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (6)

Deutsche Bank AG

8.318

-0.253 (-2.95%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (4)

 EUR/USD1.0469↑ Buy
 GBP/USD1.2164Buy
 USD/JPY135.68↑ Sell
 AUD/USD0.6910↑ Buy
 USD/CAD1.2874↑ Sell
 EUR/JPY142.04Neutral
 EUR/CHF0.9988↑ Sell
 Gold1,811.65↑ Sell
 Silver20.380↑ Buy
 Copper3.7215↑ Buy
 Crude Oil WTI107.06↑ Buy
 Brent Oil110.26↑ Buy
 Natural Gas5.778↑ Sell
 US Coffee C230.68↑ Buy
 Euro Stoxx 503,454.86↑ Buy
 S&P 5003,795.10↑ Buy
 DAX12,783.77Neutral
 FTSE 1007,169.28Sell
 Hang Seng21,859.79Sell
 Small Cap 20001,708.40↑ Buy
 IBEX 358,098.70Sell
 BASF41.525↑ Buy
 Bayer56.72Neutral
 Allianz182.12Sell
 Adidas168.76Buy
 Lufthansa5.564↑ Buy
 Siemens AG97.09↑ Sell
 Deutsche Bank AG8.318Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,810/ 6,870
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SJC HCM6,830/ 6,890
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SJC Nhatrang6,830/ 6,892
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Cập nhật lúc 18:51:16 30/06/2022
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