InvestorsObserver
×
News Home

What do the Long-Term Technicals Predict for Polygon (MATIC) Saturday?

Saturday, April 30, 2022 01:03 PM | InvestorsObserver Analysts
What do the Long-Term Technicals Predict for Polygon (MATIC) Saturday?

Polygon receives an average long-term technical score of 34 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, MATIC holds a superior long-term technical analysis score than 34% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

Long-Term Technical - 34
InvestorsObserver is giving Polygon a 34 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Polygon!

Trading Analysis

Polygon's price is -$0.4400000 (-28.62%) below its 100-day moving average price of $1.550000000 as its price at the moment sits at $1.110000000. Additionally, MATIC is $0.4800000 (-1585.33%) higher than its 52-week low price of $0.620000000 while -$1.82000000 (-304.24%) under its 52-week high of $2.920000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives MATIC an average long-term technical score of 34. Long-term trading movement of Polygon suggest that investors are bearish on the coin at the moment. Polygon currently has a total market cap of $8,683,631,126.71 to go along with its average daily volume of $4,462,322,996.57 worth of the currency over the past seven days. MATIC's volume is below its seven day average as of the past 24 hours, with 571,284,613.39 exchanged in that period. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Trading patterns over the last year for Polygon leads to the coin's an average long-term technical score of 34 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Polygon (MATIC).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App