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Polygon (MATIC) Rises 0.42%, Underperforms the Crypto Market Tuesday

Tuesday, March 01, 2022 05:44 PM | InvestorsObserver Analysts
Polygon (MATIC) Rises 0.42%, Underperforms the Crypto Market Tuesday

Polygon (MATIC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has increased 0.42% to $1.6.

volatility - 33
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 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 is coupled 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 in a good position going forward. With support near $1.48 and resistance near $1.66. This positions 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.

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