Polygon (MATIC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has increased 0.42% to $1.6.
InvestorsObserver is giving Polygon a 33 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 33, placing it in the bottom 33% of cryptos on the market.The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. MATIC's moderate volatility reading is coupled 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 in a good position going forward. With support near $1.48 and resistance near $1.66. This positions Polygon with room to run before facing selling pressures.