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What's Next for Neutral Rated Polygon (MATIC)?

Monday, June 12, 2023 09:32 AM | InvestorsObserver Analysts
What's Next for Neutral Rated Polygon (MATIC)?

Polygon (MATIC) gets a neutral rating from InvestorsObserver Monday. The Distributed Software Platform asset is up 1.99% to $0.6408854932 while the broader crypto market is up 2.22%.

Sentiment Score - ,
Polygon has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Polygon!


Over the last five days, Polygon has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Polygon over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Polygon is currently trading near its midpoint for the past five-days. The Distributed Software Platform asset is 23.37% off its five-day high and is 14.58% higher than its five-day low of $0.559319317340851.

Polygon price is well positioned between support and resistance. With support set around $0.596472973657083 and resistance at $0.6588740895514, has some room to run before facing resistance.

Polygon has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Polygon

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