Polygon (MATIC), Low Volatility but Rising Sunday: Is it Time to Cash Out?

Sunday, May 01, 2022 01:12 PM | InvestorsObserver Analysts

Polygon (MATIC) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has gained 1.94% to $1.11.

InvestorsObserver is giving Polygon a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polygon!

See Full Report

Low Volatility

InvestorsObserver gives Polygon a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. MATIC's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Polygon price is in a good position going forward. With support set at $1.02 and resistance at $1.16. This leaves Polygon with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.