Polygon (MATIC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has dropped 7.16% to $1.35.
InvestorsObserver is giving Polygon a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polygon!
Moderately Volatile
InvestorsObserver gives Polygon a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. MATIC's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Polygon price is trading near resistance. With support set at $1.3 and resistance set at $1.35. This leaves Polygon with potential selling pressures ahead as it may be getting over extended.