Analytics

Should You Buy Polygon Coin at $0.6 Dip? On-Chain Metric Points to Oversold Asset

25.04.2024

Over the past seven weeks, the Polygon coin price has witnessed a steady downtrend under the influence of a falling wedge. The two downsloping trendlines of this pattern acted as dynamic resistance and support, leading the MATIC price from $1.29 to $0.588, registering a 54.3% loss. However, the downward momentum stalled at $0.625 support signals the potential for bottom formation amid the Bitcoin halving.

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25.04.2024
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