Polygon [MATIC] has been in the new for several weeks because of its high network activity and things got even better
has been in the new for several weeks because of its high network activity. Things just got even better as a key metric hit an all-time high.Polygon has performed well in terms of network activity, as its daily active addresses have remained above the 1 million mark for multiple weeks.revealed that the massive rise in active addresses had a positive impact on its daily transactions, as it also surged.
We found that MATIC’s Chaikin Money Flow registered a sharp uptick and was headed further above the neutral mark. Similar to the CMF, the Money Flow Index also went northward. Moreover, the technical indicator MACD displayed a bullish upperhand in the market. These technical indicators clearly suggested that the chances of MATIC remaining bullish were high.
However, nothing can be said with certainty, as the Bollinger Bands pointed out that MATIC’s price was entering a less-volatile zone.Dipayan is a full-time journalist at AMBCrypto. He has 2 years of experience in the content creation industry. A graduate in journalism, Dipayan has a keen interest in keeping himself updated with the latest developments in the crypto-space. He is a singer and a guitarist who also enjoys going on long bike rides.Subscribe to get it daily in your inbox.
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