The price of Polygon is $1.09 today with a 24hour trading volume of 444 million dollar.
After trading near the resistance line of the symmetrical triangle pattern for a few days, Polygon turned down and reached the support line but it still hold the uptrend
The flattening 50day EMA ($1.13) and the RSI below 50 indicate that the bulls may be losing their grip. If the price breaks below the support line, it will tilt the short term advantage in favor of the bears. The MATIC/USDT pair may then back to the 200day SMA 1 $ where the buyers are likely to mount a strong defense and hold the line.
The first sign of strength will be a break and close above the resistance line. That could open the doors for a potential rally to $1. 30
Polygon is gaining traction in the gaming industry with a surge in daily unique active wallets last month, according to DappRadar, the layer2 scaling solution recorded 138,081 dUAWs in March, a 53% increase from the previous month.this growth has pushed Polygon to become the second largest gaming blockchain, trailing only Wax Blockchain, which has over 314,976 daily unique active wallets.
Despite the decrease in on-chain gaming activity by 3.33% in March, games still make up a significant part of DApp activities, accounting for 45.6% of the industry’s activity in Q1 2023. Boomland’s Hunters On Chain, which launched on Polygon’s testnet last month, has already risen to become one of the top five blockchain games in terms of on-chain DApp activity.
next targets for short term are 1.15, 1.19 and 1.27$
what do you think about the price of Matic at the end of 2023? can we back to 2$?
After trading near the resistance line of the symmetrical triangle pattern for a few days, Polygon turned down and reached the support line but it still hold the uptrend
The flattening 50day EMA ($1.13) and the RSI below 50 indicate that the bulls may be losing their grip. If the price breaks below the support line, it will tilt the short term advantage in favor of the bears. The MATIC/USDT pair may then back to the 200day SMA 1 $ where the buyers are likely to mount a strong defense and hold the line.
The first sign of strength will be a break and close above the resistance line. That could open the doors for a potential rally to $1. 30
Polygon is gaining traction in the gaming industry with a surge in daily unique active wallets last month, according to DappRadar, the layer2 scaling solution recorded 138,081 dUAWs in March, a 53% increase from the previous month.this growth has pushed Polygon to become the second largest gaming blockchain, trailing only Wax Blockchain, which has over 314,976 daily unique active wallets.
Despite the decrease in on-chain gaming activity by 3.33% in March, games still make up a significant part of DApp activities, accounting for 45.6% of the industry’s activity in Q1 2023. Boomland’s Hunters On Chain, which launched on Polygon’s testnet last month, has already risen to become one of the top five blockchain games in terms of on-chain DApp activity.
next targets for short term are 1.15, 1.19 and 1.27$
what do you think about the price of Matic at the end of 2023? can we back to 2$?
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Google Cloud partners with Polygon Labs to help developers make it easier to build, launch and grow their Web3 products and dapps on the Ethereum-based layer 2 blockchain. Google Cloud's Blockchain Node Engine, a service for fully managed node-hosting for Web3 development, will support Polygon as part of a multi-year, strategic alliance.
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Polygon Labs: Given our focus on network security, we made sure MATIC was available to a wide group of persons, but only with actions that did not target the US at any time. We developed outside the US and deployed outside the US
Trade closed: target reached:
