{"id":203553,"date":"2023-11-30T14:05:43","date_gmt":"2023-11-30T08:35:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=203553"},"modified":"2023-11-30T14:05:43","modified_gmt":"2023-11-30T08:35:43","slug":"is-polygon-matic-price-about-to-explode-market-delivers-hidden-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/is-polygon-matic-price-about-to-explode-market-delivers-hidden-data-crypto-news\/","title":{"rendered":"Is Polygon (MATIC) Price About to Explode? Market Delivers Hidden Data &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article__img--wrap\">\n<\/div><figcaption title=\"https:\/\/www.freepik.com\/premium-photo\/abstract-glowing-candlestick-forex-chart-with-index-grid-dark-background-invest-trade-finance-ans-stock-market-concept-3d-rendering_31499956.htm#&amp;position=24&amp;from_view=search&amp;track=ais&amp;uuid=89c9eef6-0db6-4d5d-a28d-b0e\">Cover image via <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.freepik.com\/premium-photo\/abstract-glowing-candlestick-forex-chart-with-index-grid-dark-background-invest-trade-finance-ans-stock-market-concept-3d-rendering_31499956.htm#&amp;position=24&amp;from_view=search&amp;track=ais&amp;uuid=89c9eef6-0db6-4d5d-a28d-b0e\">www.freepik.com<\/a><\/figcaption><div class=\"disclaimer\">\n<p class=\"disclaimer_text\">Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.<\/p>\n<\/div>\n<\/div>\n<div>\n<p dir=\"ltr\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DataaRocks\/status\/1729745919174676972\">Polygon (MATIC) market<\/a> has been presenting some intriguing signs that have caught the eye of vigilant investors. Recent activities suggest that there has been a silent accumulation of MATIC over the past two weeks, which often precedes significant price movement. With the price ranging during this period, the underlying question is whether MATIC is gearing up for an explosive move.<\/p>\n<p dir=\"ltr\">The price chart reveals that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/ftx-initiated-massive-matic-avax-transfer-but-no-one-noticed\">MATIC<\/a> has indeed experienced a reversal after an unexpected and critical 21% drop. The market&#8217;s response to this drop is crucial to understanding the future trajectory. Typically, after such a decline, savvy investors look for signs of accumulation as an indicator of potential upward momentum. This is due to the common market adage that &#8220;volume precedes price,&#8221; suggesting that if accumulation is occurring, a price surge may be imminent.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/u.today\/sites\/default\/files\/inline-images\/image_268.png\" data-entity-uuid=\"cbd5e436-9b88-497c-a79c-3c8a80ccb002\" data-entity-type=\"file\" alt=\"MATICUSDT\" \/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/MATICUSDT\/?exchange=BINANCE\">MATIC\/USDT Chart by TradingView<\/a><\/figcaption><\/figure>\n<p dir=\"ltr\">An increase in volume accompanying the price range could indicate that investors are seeing value at these levels and are stepping in to buy, potentially setting the stage for a bullish trend. As seen on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/MATICUSDT\/?exchange=BINANCE\">daily MATIC\/USDT chart<\/a>, the volume profile is descending, which hints at a potential trend reversal in the foreseeable future.<\/p>\n<p dir=\"ltr\">Furthermore, technical analysts will be watching for a confirmed breakthrough on the charts. This would involve <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/polygon-matic-price-slipped-below-crucial-support-key-reasons\">MATIC<\/a> closing above a key resistance level on increased volume, which would lend credence to the theory that an explosive price movement is on the horizon.\u00a0<\/p>\n<p dir=\"ltr\">The type of breakthrough \u2014 whether it is on the back of high volume or during a low volume consolidation period \u2014 will be key in predicting the strength and sustainability of any upward price action.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":203554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-203553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=203553"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203553\/revisions"}],"predecessor-version":[{"id":203560,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203553\/revisions\/203560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/203554"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}