Polygon fell to a six-week low on Tuesday, with sentiment in cryptocurrency markets remaining bearish. The price plunged as consumer confidence in the United States fell by more than expected, coming in at a reading of 101.3 in April. Solana also slipped, hitting a two-week low.
Polygon (MATIC)
Polygon (MATIC) dropped to a six-week low on Tuesday, as sentiment in cryptocurrency markets remained bearish.
MATIC/USD dropped for a third straight session, hitting an intraday low of $0.9633 in the process.
The move came less than a day after polygon was trading at a peak of $1.01, with today’s fall sending it to its weakest point since March 10.
As a result of the sell-off, it appears that MATIC bears are targeting a floor at the $0.95 mark.
From the chart, one of the catalysts for the drop seems to be a breakout that occurred on the relative strength index (RSI).
The index fell below a floor at 32.00, and is currently tracking at 31.13, which is its lowest reading since last June.
Solana
We współpracy z: https://news.bitcoin.com/biggest-movers-matic-slides-to-6-week-low-as-sol-extends-declines/
