Polygon (MATIC) has been relatively less volatile compared to the crypto market. So far Wednesday, the Distributed Software Platform has declined 3.49% to $2.39.
InvestorsObserver is giving Polygon a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polygon!
Low Volatility
InvestorsObserver gives Polygon a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. MATIC's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Polygon price is trading near resistance. With support around $2.28 and resistance set at $2.42. This positions Polygon with potential selling pressures ahead as it may be getting over extended.