{"id":542147,"date":"2023-07-11T14:00:33","date_gmt":"2023-07-11T14:00:33","guid":{"rendered":"https:\/\/uniquehot.com\/?p=542147"},"modified":"2023-07-11T14:01:14","modified_gmt":"2023-07-11T14:01:14","slug":"matic-gains-10-in-one-day-is-a-price-rally-coming","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/matic\/matic-gains-10-in-one-day-is-a-price-rally-coming\/","title":{"rendered":"MATIC Gains 10% In One Day, Is A Price Rally Coming?"},"content":{"rendered":"

MATIC, the native token of the Polygon network, has witnessed a significant price gain in the last day, drawing much attention from investors. According to data by CoinMarketCap,<\/a> MATIC gained by 10.44% over the last 24 hours, representing a better market performance than most top assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), etc.<\/span><\/p>\n

MATIC’s Price Overview In July\u00a0<\/span><\/h2>\n

Since the beginning of the month, the MATIC market has experienced a series of gains and losses, which, so far, have been in line with the general crypto market.<\/span><\/p>\n

Related Reading: BNB Price at Make-or-Break Levels As The Bulls Aim Big Above This Resistance<\/a><\/p>\n

MATIC began the month trading around $0.66 before witnessing a steady price rise to hit the $0.71 resistance zone on July 4. However, after failing to break past this barrier, the ERC-20 token saw its price fall by 7%, returning to the $0.66 price mark the following day.<\/span><\/p>\n

On July 6, MATIC attempted another bullish run but was followed by a sharp price decline. But since then, the token has seen a steady price increase since then, leading up to its recent price boost.\u00a0<\/span><\/p>\n

In the early hours of today, MATIC\u2018s price shot up by 10%, breaking past the $0.71 resistance level to attain a peak price of $0.74, and has since remained in that zone. This price increase moves MATIC’s total gain in July to 12.12% as of this writing.<\/span><\/p>\n

In addition, blockchain analytics firm Santiment also reported<\/a> the Polygon utility token to have recently witnessed \u201csome positive on-chain signs.” These included an increase in new daily addresses, declining exchange supply, and low-profit taking.<\/span><\/p>\n

According to data by CoinMarketCap, MATIC is currently exchanging hands at $0.74, with a 0.86% gain in the last hour. The token\u2019s trading volume is up by 93.17% and is now sitting at $543.19 million. With a market cap of $6.9 billion, MATIC ranks as the 12th-largest cryptocurrency.<\/span><\/p>\n

Is A Bullish Run On For MATIC?<\/span><\/h2>\n

Following MATIC\u2019s price hike today, there is likely much speculation on the token\u2019s next movement.\u00a0<\/span>Looking at its 4-hour chart, the Relative Strength Index (RSI) has just dipped below the overbought zone indicating a bearish trend on the horizon.\u00a0 <\/span>However, its Moving Average Convergence Divergence (MACD) is well-placed above the signal line, so the bullish run may still be on.<\/span><\/p>\n

According to MATIC\u2019s price movement, the token appears to be in an ascending channel recording higher highs and lows in the last month. If MATIC manages to break out of its current consolidation zone, it is expected to only trade as high as $0.77, which represents its next resistance level.<\/span><\/p>\n

Related Reading: MATIC Price Prediction: Polygon Bulls Aim For $0.80<\/a><\/p>\n

On the other hand, if the bears do assume control of the market,\u00a0 they could push the price of MATIC as low as $0.69, which marks the token\u2019s next support level.\u00a0<\/span><\/p>\n

In other news, the general crypto market has witnessed an upturn from its form yesterday, with the total crypto market cap having increased by 1.4% in the last 24 hours.\u00a0<\/span><\/p>\n

\"MATIC\"<\/p>\n

MATIC Trading At $0.7385 On The 4-Hour Chart | Source: MATICUSD Chart On Tradingview.com<\/a><\/pre>\n
Featured Image From Investeek, Chart From Tradingview<\/div>\n","protected":false},"excerpt":{"rendered":"
MATIC, the native token of the Polygon network, has witnessed a significant price gain in the last day, drawing much attention from investors. According to data by CoinMarketCap, MATIC gained by 10.44% over the last 24 hours, representing a better market performance than most top assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), etc. MATIC’s Price Overview In July\u00a0 Since the beginning of the month, the MATIC market has experienced a series of gains and losses, which, so far, have been in line with the general crypto market. Related Reading: BNB Price at Make-or-Break Levels As The Bulls Aim Big Above This Resistance MATIC began the month trading around $0.66 before witnessing a steady price rise to hit the $0.71 resistance zone on July 4. However, after failing to break past this barrier, the ERC-20 token saw its price fall by 7%, returning to the $0.66 price mark the following day. On July 6, MATIC attempted another bullish run but was followed by a sharp price decline. But since then, the token has seen a steady price increase since then, leading up to its recent price boost.\u00a0 In the early hours of today, MATIC\u2018s price shot up by 10%, breaking past the $0.71 resistance level to attain a peak price of $0.74, and has since remained in that zone. This price increase moves MATIC’s total gain in July to 12.12% as of this writing. In addition, blockchain analytics firm Santiment also reported the Polygon utility token to have recently witnessed \u201csome positive on-chain signs.” These included an increase in new daily addresses, declining exchange supply, and low-profit taking. According to data by CoinMarketCap, MATIC is currently exchanging hands at $0.74, with a 0.86% gain in the last hour. The token\u2019s trading volume is up by 93.17% and is now sitting at $543.19 million. With a market cap of $6.9 billion, MATIC ranks as the 12th-largest cryptocurrency. Is A Bullish Run On For MATIC? Following MATIC\u2019s price hike today, there is likely much speculation on the token\u2019s next movement.\u00a0Looking at its 4-hour chart, the Relative Strength Index (RSI) has just dipped below the overbought zone indicating a bearish trend on the horizon.\u00a0 However, its Moving Average Convergence Divergence (MACD) is well-placed above the signal line, so the bullish run may still be on. According to MATIC\u2019s price movement, the token appears to be in an ascending channel recording higher highs and lows in the last month. If MATIC manages to break out of its current consolidation zone, it is expected to only trade as high as $0.77, which represents its next resistance level. Related Reading: MATIC Price Prediction: Polygon Bulls Aim For $0.80 On the other hand, if the bears do assume control of the market,\u00a0 they could push the price of MATIC as low as $0.69, which marks the token\u2019s next support level.\u00a0 In other news, the general crypto market has witnessed an upturn from its form yesterday, with the total crypto market cap having increased by 1.4% in the last 24 hours.\u00a0 MATIC Trading At $0.7385 On The 4-Hour Chart | Source: MATICUSD Chart On Tradingview.com Featured Image From Investeek, Chart From Tradingview<\/p>\n","protected":false},"author":581,"featured_media":526983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86487],"tags":[15780,40670,83584,84472,57231],"class_list":["post-542147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matic","tag-july","tag-matic","tag-polygon","tag-price-rally","tag-santiment"],"acf":[],"yoast_head":"\nMATIC Gains 10% In The Last Day, Is A Price Rally Coming?<\/title>\n<meta name=\"description\" content=\"Polygon's MATIC has gained by 10.44% over the last 24 hours, representing a better market performance than most top assets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.","sameAs":["https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218","https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti"],"url":"https:\/\/uniquehot.com\/author\/semilorefaleti\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MATIC Gains 10% In One Day, Is A Price Rally Coming?","url":"http:\/\/uniquehot.com\/news\/matic\/matic-gains-10-in-one-day-is-a-price-rally-coming\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/matic\/matic-gains-10-in-one-day-is-a-price-rally-coming\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/bb204098c64b9c700d51f38e6e7fbb7d.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/bb204098c64b9c700d51f38e6e7fbb7d.jpeg?fit=1440%2C810"},"articleSection":"MATIC","author":[{"@type":"Person","name":"Semilore Faleti"}],"creator":["Semilore Faleti"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["july","matic","polygon","price rally","santiment"],"dateCreated":"2023-07-11T14:00:33Z","datePublished":"2023-07-11T14:00:33Z","dateModified":"2023-07-11T14:01:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MATIC Gains 10% In One Day, Is A Price Rally Coming?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/matic\\\/matic-gains-10-in-one-day-is-a-price-rally-coming\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/matic\\\/matic-gains-10-in-one-day-is-a-price-rally-coming\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/bb204098c64b9c700d51f38e6e7fbb7d.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/bb204098c64b9c700d51f38e6e7fbb7d.jpeg?fit=1440%2C810\"},\"articleSection\":\"MATIC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Semilore Faleti\"}],\"creator\":[\"Semilore Faleti\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"july\",\"matic\",\"polygon\",\"price rally\",\"santiment\"],\"dateCreated\":\"2023-07-11T14:00:33Z\",\"datePublished\":\"2023-07-11T14:00:33Z\",\"dateModified\":\"2023-07-11T14:01:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/bb204098c64b9c700d51f38e6e7fbb7d.jpeg?fit=1440%2C810","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/542147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=542147"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/542147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/526983"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=542147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=542147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=542147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}