Santiment data indicated that whales appeared to have become more interested in Polygon [MATIC] recently. Whale transactions of more than $100,000 were observed to be on the rise and surpassed 300 transaction counts recently. However, what could these transactions reveal to us? Are we witnessing a sell-off or an accumulation? _______________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction […]
that it had executed its first live deal on a public blockchain. The Polygon network’s blockchain was used, which was a feat for the network given the variety of applications it may be used for.A daily time frame analysis of the price of MATIC revealed that the asset had witnessed an increase of approximately 25% in the past 48 hours as of 4 November. The price increased by 8.81% at the end of the 3 November trading session.
The price appeared to have moved past the resistance level that was visible between $0.9 and $1.0, suggesting that it had been broken. Furthermore, around $1.01 was noted as the price as of 4 November. Support was observed to be provided by the yellow and blue lines that represent the short and long moving averages, respectively. Additionally, the support level was identified between $0.7 and $0.6. However, it appeared as though if the upswing continues, a new support level would be formed.
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