Polygon [MATIC] missed another shot at reclaiming $1- Decoding the reasons
has made a name for itself in the DeFi space. It is the third-largest chain in terms of the number of active protocols.
With Avail, users can cut down their cost of operations by almost 80-95% on chains like Ethereum by storing the execution layer data on it instead of moving the layer off-chain. Trading at $0.456, MATIC has declined by over 25.2% in the last ten days. And, it still holds the potential to sink further. This is because the entire market is taking a hit, having lost more than $100 billion in the last few days with hints of more drawdown expected in the future.Similarly, in the case of MATIC, MACD and Parabolic SAR’s trend indicators are on the cusp of exhibiting bearishness.
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