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- Polygon is down -3.44% immediately towards the US Greenback
- MATIC/ETH elevated by 3.02% immediately
- Polygon is at present buying and selling 13.75% under our prediction on Mar 27, 2024
- Polygon gained 4.68% in the final month and is down -14.18% since 1 12 months in the past
Polygon worth | $ 0.965048 |
Polygon prediction |
$ 1.12 (15.24%) |
Sentiment |
Impartial |
Worry & Greed index |
75 (Greed) |
Key assist ranges | $ 0.976003, $ 0.956187, $ 0.938235 |
Key resistance ranges | $ 1.01, $ 1.03, $ 1.05 |
MATIC worth is anticipated to rise by 15.24% in the following 5 days in accordance to our Polygon worth prediction
Polygon price today is buying and selling at $ 0.965048 after shedding -3.44% in the final 24 hours. The coin underperformed the cryptocurrency market, because the total crypto market cap decreased by -3.12% in the identical time interval. MATIC carried out effectively against BTC today and recorded a 0.86% achieve towards the world’s largest cryptocurrency.
In accordance to our Polygon price prediction, MATIC is anticipated to attain a worth of $ 1.12 by Mar 27, 2024. This may signify a 15.24% worth enhance for MATIC in the following 5 days.
MATIC Value Prediction Chart
What has been happening with Polygon in the final 30 days
Polygon has been displaying a optimistic pattern not too long ago, because the coin gained 4.68% in the final 30-days. The medium-term pattern for Polygon has been bullish, with MATIC rising by 13.24% in the final 3 months. The long-term image for Polygon has been damaging, as MATIC is at present displaying a -14.18% 1-year worth change. On this present day final 12 months, MATIC was buying and selling at $ 1.12.
Polygon reached its all-time excessive worth on Dec 27, 2021, when the worth of MATIC peaked at $ 2.91. The present MATIC cycle excessive is $ 1.56, whereas the cycle low is at $ 0.322074. MATIC has been displaying low volatility not too long ago – the 1-month volatility of the coin is at 7.65. Polygon recorded 15 inexperienced days in the final 30 days.
Polygon technical evaluation for immediately – Mar 22, 2024
The sentiment in the Polygon markets is at present Impartial, and the Worry & Greed index is studying Greed. Crucial assist ranges to watch are $ 0.976003, $ 0.956187 and $ 0.938235, whereas $ 1.01, $ 1.03 and $ 1.05 are the important thing resistance ranges.
Impartial sentiment for Polygon
20 indicators are at present signaling a bullish prediction for Polygon, whereas 9 indicators are displaying a bearish forecast. With 69% of indicators favoring a optimistic prediction. This outcomes in an total Impartial sentiment for Polygon.
Crypto market is at present experiencing Greed
At the moment, the Worry & Greed index is at 75 (Greed), which alerts that buyers have a optimistic outlook available on the market. The Worry & Greed index is a measure of sentiment amongst cryptocurrency buyers. A “Greed” studying means that buyers are at present optimistic in regards to the cryptocurrency market, however will also be a sign that the market is overvalued. A “Worry” studying, alternatively, alerts that buyers are at present hesitant in regards to the cryptocurrency market, which doubtlessly represents a shopping for alternative.
Polygon shifting averages & oscillators
Let’s check out what a few of the most necessary technical indicators are signaling. We’ll be going by key shifting averages and oscillators that can enable us to get a greater concept of how Polygon is positioned in the market proper now.
Interval | Every day Easy | Every day Exponential | Weekly Easy | Weekly Exponential |
MA3 | $ 0.963985 (BUY) | $ 1.05 (SELL) | – | – |
MA5 | $ 0.955741 (BUY) | $ 1.01 (SELL) | – | – |
MA10 | $ 1.05 (SELL) | $ 0.953692 (BUY) | – | – |
MA21 | $ 1.09 (SELL) | $ 0.894978 (BUY) | $ 1.74 (SELL) | $ 0.855800 (BUY) |
MA50 | $ 0.979894 (SELL) | $ 0.816697 (BUY) | $ 0.453555 (BUY) | $ 0.834304 (BUY) |
MA100 | $ 0.912596 (BUY) | $ 0.751309 (BUY) | $ 0.196571 (BUY) | $ 0.858085 (BUY) |
MA200 | $ 0.837364 (BUY) | $ 0.744995 (BUY) | $ 0.619358 (BUY) | $ 0.329487 (BUY) |
Interval | Worth | Motion |
RSI (14) | 45.75 | NEUTRAL |
Stoch RSI (14) | 0.00 | BUY |
Stochastic Quick (14) | 21.65 | NEUTRAL |
Commodity Channel Index (20) | -66.67 | NEUTRAL |
Common Directional Index (14) | 17.83 | NEUTRAL |
Superior Oscillator (5, 34) | -0.05 | NEUTRAL |
Momentum (10) | -0.25 | NEUTRAL |
MACD (12, 26) | -0.03 | NEUTRAL |
Williams % Vary (14) | -78.35 | NEUTRAL |
Final Oscillator (7, 14, 28) | 48.29 | NEUTRAL |
VWMA (10) | 1.10 | SELL |
Hull Shifting Common (9) | 0.91 | BUY |
Ichimoku Cloud B/L (9, 26, 52, 26) | 1.10 | NEUTRAL |
The Relative Power Index (RSI 14) is a broadly used indicator that helps inform buyers whether or not an asset is at present overbought or oversold. The RSI 14 for Polygon is at 45.75, suggesting that MATIC is at present impartial.
The 50-day Easy Shifting Common (SMA 50) takes under consideration the closing worth of Polygon during the last 50 days. At the moment, Polygon is buying and selling under the SMA 50 trendline, which is a bearish sign.
In the meantime, the 200-day Easy Shifting Common (SMA 200) is a long-term trendline that’s calculated by taking a median of the MATIC closing worth for the final 200 days. MATIC is now buying and selling under the SMA 200, signaling that the market is at present bearish.
The underside line about this Polygon prediction
After contemplating the above elements, we are able to conclude that the present forecast for Polygon worth prediction is Impartial. MATIC would have to enhance by 15.24% to hit our $ 1.12 goal throughout the subsequent 5 days. Shifting ahead, will probably be necessary to monitor the MATIC market sentiment, the important thing assist and resistance ranges, and different metrics. Nonetheless, we’ve to preserve in thoughts that the cryptocurrency markets are unpredictable, and even the most important crypto belongings show lots of worth volatility. For long-term Polygon worth predictions click on here.
Disclaimer: This is not funding recommendation. The knowledge supplied is for normal functions solely. No data, supplies, providers and different content material supplied on this web page represent a solicitation, advice, endorsement, or any monetary, funding, or different recommendation. Search impartial skilled session in the type of authorized, monetary, and fiscal recommendation earlier than making any funding choice.