Polygon [MATIC] continued to remain under bears’ influence as its daily and weekly charts were red, but there was good news
continued to remain under bears’ influence as its daily and weekly charts were red. However, a key metric flagged a buy signal as the chances of MATIC’s price skyrocketing were high., MATIC was down by nearly 10% in the last seven days. However, the bearish momentum declined as Polygon’s value only dropped marginally in the last 24 hours.
The decline in value took a toll on MATIC’s social metrics. Our analysis of Santiment’s data revealed that Polygon’s weighted sentiment dropped sharply, meaning that bearish sentiment was dominant in the market.Source: Santimenthighlighting a key MATIC metric. As per the tweet, the token’s 30-day MVRV ratio hit a critical zone, flagging a buy signal.
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