Polygon (MATIC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Distributed Software Platform has added 3.71% to $2.39.
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 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 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 at $2.21 and resistance around $2.37. This leaves Polygon out of range and potentially in a volatile position if the rally burns out.