Polygon (MATIC) has seen a sharp 23% drop within 24 hours, primarily driven by significant whale transactions and bearish market trends. A notable transfer of 29 million MATIC, valued at $10.74 million, was moved to an unknown wallet, raising concerns among investors. The market sentiment remains cautious, and technical indicators such as the RSI and MACD suggest a bearish trend. Analysts are closely monitoring the $0.37 support level, as a breach could push the price down to $0.35.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
