Polygon (MATIC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has gained 3.23% to $1.18.
InvestorsObserver is giving Polygon a 28 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 28, placing it in the bottom 28% 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 pairs 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 above resistance. With support around $1.1 and resistance around $1.17. This leaves Polygon out of range and potentially in a volatile position if the rally burns out.