Polygon (MATIC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has increased 2.24% to $1.44.
InvestorsObserver is giving Polygon a 25 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 25, placing it in the bottom 25% of cryptos on the market.The Volatility Gauge follows meaning that one day won't make or break its rank. 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 near resistance. With support near $1.39 and resistance around $1.45. This leaves Polygon with potential selling pressures ahead as it may be getting over extended.