Cryptocurrency Polygon Falls More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (MATIC) has experienced a 6.78% price drop in the last 24 hours, continuing a week-long negative trend. Despite the price drop, trading volume has increased by 23% over the past week. The current market cap for MATIC is $4.94 billion, ranking it #24.
July 05, 2024 | 2:59 pm
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NEGATIVE IMPACT
Polygon (MATIC) has seen a significant price drop of 6.78% in the last 24 hours, continuing a negative trend over the past week. Despite the price drop, trading volume has increased by 23% over the past week.
The significant price drop of 6.78% in the last 24 hours, along with a continued negative trend over the past week, indicates bearish sentiment. The increase in trading volume suggests heightened market activity, but the overall impact on price is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100