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Look Out For This Bearish Formation On MATIC’s Daily Chart

Published 10/02/2023, 12:58
Updated 10/02/2023, 13:15
Look Out For This Bearish Formation On MATIC’s Daily Chart

  • MATIC is currently trading hands at $1.26 after a 2.35% drop in price.

  • There is a sell signal on MATIC’s 1-day chart.

  • The price of MATIC could drop as low as $1.2 or even $1.

Almost all of the top 10 cryptos are in the red for today, and Polygon (MATIC) is no exception to this. The crypto market tracking website CoinMarketCap indicates that MATIC is currently trading hands at $1.26 after a 2.35% drop in price over the last 24 hours. The crypto reached a low of $1.22 and a high of $1.34 over the same time period.

MATIC / Tether US 1D (Source: CoinMarketCap)

MATIC is, however, still in the green by more than 5% over the last week. The altcoin was also able to strengthen against Bitcoin (BTC) and Ethereum (ETH) by about 0.59% and 2.31% respectively over the last day.

Also in the green zone is MATIC’s 24 hour trading volume which stands at $1,267,764,659 after a more than 19% increase since yesterday. With its market cap of $10,945,312,384, MATIC is currently ranked the ninth biggest crypto in terms of market capitalization. This places it right behind Cardano (ADA) in the eight position and in front of Dogecoin (DOGE) which is ranked tenth.

Yesterday…

The post Look Out For This Bearish Formation On MATIC’s Daily Chart appeared first on Coin Edition.

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