Polygon Daily Analysis

  • MATIC price strikes resistance at the 50 twelve-hour simple moving average (SMA), hinting at retracement in the short term.
  • Polygon volume during the 48% bounce off the June 11 low has not printed above-average daily readings.
  • Despite the bounce, the Santiment 30-day MVRV ratio indicates that the digital asset is still undervalued.

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