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Polygon price jumps 60% in four days amid 'pretty big' MATIC accumulation

Coin Telegraph LogoCoin Telegraph1w ago

Polygon price jumps 60% in four days amid 'pretty big' MATIC accumulation

Quick Summary

MATIC price now eyes a 20% price rally as it undergoes an inverse head and shoulders breakout.

Ultimately, the setup resolves after the price breaks above the neckline, and, as a rule of technical analysis, rises by as much as the distance between the head and the neckline.

Notably, the so-called MATIC sharks and whales have been in accumulation, according to data provided by Santiment.


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Article Details

Author / Journalist: Cointelegraph By Yashu Gola

Category: Crypto

Topics: Interest Rates MATIC USD Inflation Investment Federal Reserve MATIC Price Polygon Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 12:02:38

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 3 minutes read

Article Length: 521 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5820

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 14 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

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