Polygon (MATIC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has advanced 3.11% to $1.45.
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 takes into account this makes its score defined by recent trends, rather than a bad day. MATIC's moderate volatility reading comes 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 around $1.35 and resistance near $1.46. This leaves Polygon with potential selling pressures ahead as it may be getting over extended.