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May 08, 2023
Polygon Matic crashes after losing $0.026, breaking down to $0.937.
The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. Polygon Matic has just crossed the lower Bollinger Band® at $0.946, indicating further losses could be forthcoming. Polygon Matic pushed below the $0.957 support level and extended 2 cents beyond it.
Looking forward, Polygon Matic is poised to extend its strong downtrend and continue declining.
In the meantime, negative performances are also seen in other markets, Bitcoin Cash is down $2.73 from the beginning of the session and now trades around $113.46. EOS is trading around $0.943 (down $0.023).
Other assets are showing positive performances as FTX Token gained 9.54% and is currently trading at $1.36.
Furthermore, United States EIA Short-Term Energy Outlook is expected tomorrow at 16:00 UTC.
Pointing downwards for around 2 months. Over the past 2 months, Polygon Matic has retreated 37.55% from a noteworthy peak of $1.54.
