The Hourly View for Polygon

• At the time of this writing, MATIC’s price is up $0 (0.38%) from the hour prior.
• It’s been a feast for bulls operating on an hourly timeframe, as Polygon has now gone up 4 of the past 5 hours.
• If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
• Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Polygon’s Hourly price chart is shown below.

The Daily View for Polygon

• At the time of this writing, MATIC’s price is up $0 (0.1%) from the day prior.
• This is a reversal of the price action on the previous day, in which price moved down.
• As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
• The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of Polygon.

The Latest From MATIC’s Blockchain

• Over the past 29 weeks, the trend for MATIC’s count of active addresses has been choppy and unclear. It has oscillated between 1681 and 14009.
• For MATIC, its average transaction value is now at 19124.1681.
• MATIC has a daily large transaction count of 112, down 9.68% from its value day prior.

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