Polygon Matic continues its uptrend, ascends to $1.24

Maintaining its 6 days rise (+$0.208), Today's session so far looks to be heading in the same direction — after closing the previous trading day at $1.23, Polygon Matic is up to $1.24, which makes for a move of 0.8%/$0.01 today.

Trend-following investors would be interested to note that the MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $1.34, thereby suggesting that Polygon Matic is becoming overvalued.

Notwithstanding Polygon Matic's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Other markets are also showing gains as FTX Token soars 9.54% to trade around $1.36. Solana is up 3.06%.

Polygon Matic has gained 52.15% since its lowest print of $0.345 earlier this year.