Polygon Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Polygon's (CRYPTO: MATIC) price has fallen 4.41% to $0.57 in the past 24 hours, continuing its negative trend with a 26.0% loss over the past week. Trading volume has risen 132.0%, while circulating supply decreased 0.08% to 9.29 billion.
June 16, 2023 | 3:00 pm
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NEGATIVE IMPACT
MATIC's price has fallen 4.41% in 24 hours and 26.0% over the past week, with trading volume increasing 132.0% and circulating supply decreasing 0.08%.
The price of MATIC has fallen significantly in both the short term (4.41% in 24 hours) and the longer term (26.0% over the past week). This negative trend, combined with the increase in trading volume and decrease in circulating supply, suggests that the asset is likely to continue facing downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100