\t\t\t\t\t\t\t\t![](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/04\/IMG-4881-1-80x80.jpg\")
<\/p>\n
editors<\/p>\n<\/p><\/div>\n
\t\t\t\t\t\t\t\tPosted: September 30, 2023 \t\t\t\t\t\t The last 30 days haven\u2019t been the easiest on Polygon [MATIC]<\/a>, especially considering the price action of the altcoin. However, that may soon change as MATIC did show some movement in the green over the last seven days.<\/p>\n Data from CoinMarketCap<\/a> showed that at press time the altcoin was exchanging hands at $0.522.\u00a0This was 0.34% higher in the last 24 hours and 0.39% higher over the last seven days.<\/p>\n Read\u00a0Polygon\u2019s [MATIC] Price Prediction<\/a>\u00a02023-24<\/p>\n While this news was enough to make investors a little hopeful about what\u2019s to come, PolygonLabs made another critical announcement. As per Polygon\u2019s latest announcement, Google Cloud became a part of the decentralized validator set for the Polygon PoS.<\/p>\n This month, @GoogleCloud<\/a> became part of the decentralized validator set for Polygon PoS.<\/p>\n The same infrastructure used to power @YouTube<\/a> and @gmail<\/a> is now helping to secure the fast, low-cost, Ethereum-for-all Polygon protocol.<\/p>\n With 100+ validators securing the Polygon PoS\u2026<\/p>\n \u2014 Polygon (Labs) (@0xPolygonLabs) September 29, 2023<\/a><\/p>\n<\/blockquote>\n Additionally, the announcement also stated that anybody can monitor the performance<\/a> checkpoint signatures for all Polygon PoS validators.<\/p>\n At the time of writing, MATIC was exchanging hands 0.84% higher than its opening price of the day. This was an indication that MATIC had a positive reaction to the news. Furthermore, the Relative Strength Index (RSI) showed some improvement as it climbed a bit higher to stand at 46.33 at press time.<\/p>\n A rise in the RSI was a clear indication of increased buying pressure in the market. Furthermore, the Moving Average Convergence Divergence (MACD) mirrored the sentiment as the MACD line (blue) was moving above the signal line (red). An indication that the momentum was in favor of the bulls.<\/p>\n Source: TradingView<\/p>\n<\/div>\n Despite the aforementioned indicators in favor of the altcoin, MATIC\u2019s Money Flow Index (MFI) steered in the opposite direction.<\/p>\n Furthermore, a look at Santiment\u2019s data didn\u2019t exactly scream bullish. This was because although there was some development in the social dominance metric, its weighted sentiment was struggling to recover. At the time of writing, while an improving social dominance was seen at 0.575%, the weighted sentiment stood at -0.431.<\/p>\n Source: Santiment<\/p>\n<\/div>\n Additionally, Polygon\u2019s latest announcement also failed to push MATIC holders toward holding the altcoin for the long term. This was evident by looking at MATIC\u2019s long\/short ratio. Despite the nature of the news, MATIC\u2019s long\/short ratio stood at 0.9689.<\/p>\n Is your portfolio green? Check out the\u00a0MATIC Profit Calculator<\/a><\/p>\n This indicated that the number of short positions outnumbered the number of long positions.<\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n
<\/p>\n\n
\n
\n\n
How did MATIC react to this?<\/h4>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/MATICUSD_2023-09-29_11-47-09.png\")
<\/a><\/p>\n![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-12.54.33-29-Sep-2023.png\")
<\/a><\/p>\n
\n
\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-29-at-12.59.14-PM.png\")