Polygon (MATIC) Falls 0.01%, Underperforms the Crypto Market Sunday

Polygon (MATIC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has fallen 1.39% to $0.78853491.

InvestorsObserver is giving Polygon a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polygon!

Moderately Volatile

InvestorsObserver gives Polygon a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.

The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.

MATIC’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Polygon price is trading above resistance. With support at $0.781363430734861 and resistance at $0.787364307161558. This leaves Polygon out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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

Be the first to comment

Leave a Reply

Your email address will not be published.