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

Sunday, January 29, 2023 06:21 PM | InvestorsObserver Analysts

Polygon (MATIC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has gained 3.23% to $1.18.

InvestorsObserver is giving Polygon a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polygon!

See Full Report

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 tracks this makes its score defined by recent trends, rather than a bad day. 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 around $1.1 and resistance around $1.17. This leaves Polygon out of range and potentially in a volatile position if the rally burns out.

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.