Polygon Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (CRYPTO: MATIC) experienced a 3.01% price decrease over the past 24 hours, falling to $1.13, despite an 11.0% gain over the past week from $1.02. Trading volume for Polygon increased by 28.0% over the week, with its circulating supply now at 9.28 billion, representing 92.83% of its max supply. Polygon's market cap ranks #18 at $10.49 billion.
March 08, 2024 | 7:02 pm
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Polygon (MATIC) saw a 3.01% decrease in price to $1.13 over the last 24 hours, despite a weekly increase of 11% from $1.02. The trading volume has increased by 28% over the past week.
The short-term price decrease of 3.01% in Polygon (MATIC) despite a positive trend over the past week and an increase in trading volume suggests a potential short-term negative impact on its price. The significant trading volume increase and the overall positive weekly trend might mitigate the impact slightly, but the immediate price drop is a strong indicator of short-term negative sentiment among investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100