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MATIC’s last 80 days have this to say about the crypto’s fortunes
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Traders and investors holding on to Polygon [MATIC] may have spotted a 10% uptick in price over the last 24 hours. In doing so, they may have assumed that a bullish run was underway.
Unfortunately, they would be wrong. With an index price of $0.3637, the crypto has dropped back to its April 2021 levels. With the MACD poised for a bearish run, the three month-long decline in price might be far from over.Source: SantimentStruggling to keep the bears at bay, the Relative Strength Index (RSI) and the Money Flow Index (MFI) have been stationed below 50 for three months.
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