Polygon (POL) is showing some exciting price action lately. Currently, it's priced at $0.4057, reflecting a 2.60% increase in the last day and a 7.42% gain over the past week. Here’s what you need to know:
Key Resistance Level: POL is nearing a crucial resistance at $0.4045. If it stays above this point, it could soar towards $0.50, which would be a fantastic 23% jump!
Rising Adoption: As of September 18, the adoption rate for Polygon hit 38.68%, with a monthly average of 30.63%. This shows that more people are engaging with the network, even when prices dip.
Whale Accumulation: Big investors are moving their POL tokens from exchanges to cold wallets, signaling they’re preparing for future gains. This trend reduces selling pressure, which is a positive sign.
Investor Sentiment: Interestingly, 95.81% of POL addresses are currently out of profit. While this might seem bearish, it suggests that many long-term holders aren’t ready to sell.
Overall, the Polygon price prediction looks promising. If POL can hold steady above resistance, we might just see that breakout happen soon! Keep your eyes peeled!
https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/