- MATIC recorded weekly and monthly losses of 12% and 23%, respectively
- MATIC whales appeared to be dip-buying, at press time.
MATIC has maintained its downtrend over the last 24 hours, losing 2.5% of its value, according to CoinMarketCap. In fact, the 17th-largest cryptocurrency crashed by more than 12% over the week, and 23% on a monthly timeframe, leaving holders anxious about what is yet to come.
However, amidst the uncertainty and bearishness, an analyst drew attention to a bullish signal emerging from the coin’s daily chart.
Is a recovery on the cards?
Ali Martinez, known for his insightful takes on crypto-markets, spotted a buy signal on the TD Sequential indicator. He added that if MATIC doesn’t fall below $0.87, there is a higher chance of it rebounding to the $0.95-$1 range. At the time of writing, MATIC was trading just around $0.87.
Interestingly, whale investors have indulged in dip-buying. According to AMBCrypto’s analysis of Santiment’s data, wallets holding between 100 to 1 million coins steadily accumulated while MATIC’s price was on the decline.
Source: Santiment
As is well known, dip-buying is an investment strategy of buying assets when the price is falling, hoping to benefit from potential price rises in the future. This is generally employed by traders with a deep understanding of the market.
Be mindful of these findings
However, the examination of the On Balance Volume (OBV) indicator didn’t yield bullish results.
OBV, a volume indicator that monitors buying and selling pressure, was seen making lower highs and lower lows, consistent with the price trajectory. When this happens, the downtrend is assumed to continue. At least in the short-term.
Source: Trading View
Is your portfolio green? Check out the MATIC Profit Calculator
The derivatives market also flashed pessimistic news for the altcoin. The total number of whale positions going long on MATIC dropped significantly following the price drop, as per AMBCrypto’s analysis of Hyblock Capital data.
Source: Hyblock Capital
However, the overall sentiment in the market remains one of “greed,” potentially leading to an increase in buying pressure in the days ahead.
- MATIC recorded weekly and monthly losses of 12% and 23%, respectively
- MATIC whales appeared to be dip-buying, at press time.
MATIC has maintained its downtrend over the last 24 hours, losing 2.5% of its value, according to CoinMarketCap. In fact, the 17th-largest cryptocurrency crashed by more than 12% over the week, and 23% on a monthly timeframe, leaving holders anxious about what is yet to come.
However, amidst the uncertainty and bearishness, an analyst drew attention to a bullish signal emerging from the coin’s daily chart.
Is a recovery on the cards?
Ali Martinez, known for his insightful takes on crypto-markets, spotted a buy signal on the TD Sequential indicator. He added that if MATIC doesn’t fall below $0.87, there is a higher chance of it rebounding to the $0.95-$1 range. At the time of writing, MATIC was trading just around $0.87.
Interestingly, whale investors have indulged in dip-buying. According to AMBCrypto’s analysis of Santiment’s data, wallets holding between 100 to 1 million coins steadily accumulated while MATIC’s price was on the decline.
Source: Santiment
As is well known, dip-buying is an investment strategy of buying assets when the price is falling, hoping to benefit from potential price rises in the future. This is generally employed by traders with a deep understanding of the market.
Be mindful of these findings
However, the examination of the On Balance Volume (OBV) indicator didn’t yield bullish results.
OBV, a volume indicator that monitors buying and selling pressure, was seen making lower highs and lower lows, consistent with the price trajectory. When this happens, the downtrend is assumed to continue. At least in the short-term.
Source: Trading View
Is your portfolio green? Check out the MATIC Profit Calculator
The derivatives market also flashed pessimistic news for the altcoin. The total number of whale positions going long on MATIC dropped significantly following the price drop, as per AMBCrypto’s analysis of Hyblock Capital data.
Source: Hyblock Capital
However, the overall sentiment in the market remains one of “greed,” potentially leading to an increase in buying pressure in the days ahead.
how to get generic clomid without prescription how to buy clomid no prescription cost of clomid no prescription where can i buy cheap clomiphene without prescription can you get clomiphene for sale generic clomid 100mg c10m1d cheap clomid without a prescription
I’ll certainly carry back to be familiar with more.
With thanks. Loads of conception!
order zithromax generic – ofloxacin 400mg ca where can i buy flagyl
order rybelsus 14mg pill – cyproheptadine 4mg price purchase cyproheptadine online cheap
buy motilium no prescription – sumycin pills order cyclobenzaprine generic
buy propranolol paypal – buy plavix pills for sale buy methotrexate 10mg pill
azithromycin price – tinidazole 300mg generic cost nebivolol 20mg
augmentin order – https://atbioinfo.com/ buy acillin paypal
buy nexium 40mg generic – https://anexamate.com/ esomeprazole 20mg sale
order generic coumadin – anticoagulant where can i buy hyzaar
oral meloxicam – mobo sin meloxicam 7.5mg price
deltasone pills – https://apreplson.com/ prednisone 5mg usa
buy erectile dysfunction drugs – https://fastedtotake.com/ buy erectile dysfunction pills
amoxicillin usa – https://combamoxi.com/ amoxil over the counter
buy diflucan 100mg online – buy generic forcan for sale order fluconazole 100mg generic
buy cenforce 100mg generic – on this site cenforce 100mg pill
when will teva’s generic tadalafil be available in pharmacies – cialis no perscription overnight delivery buy tadalafil cheap online
buy generic ranitidine – https://aranitidine.com/ buy ranitidine 300mg
tadalafil and sildenafil taken together – tadalafil generic headache nausea combitic global caplet pvt ltd tadalafil