MATIC is up by greater than 1% at present and will rally greater after Bitpay added assist for Polygon and its native token.
MATIC, the native coin of the Polygon community, is up by greater than 1% within the final 24 hours. The coin is underperforming the broader crypto market, which has added greater than 3% to its worth at present.
The overall cryptocurrency market cap is now above $1 trillion for the primary time in practically two months. Bitcoin is closing in on the $21k resistance stage after surging by greater than 1% at present.
Ether, the second-largest cryptocurrency by market cap, is up by lower than 1% and is buying and selling above $1,500 per coin.
MATIC is underperforming in comparison with the broader crypto market regardless of Polygon asserting that it’s now supported by Bitpay.
🪙@BitPay, the world’s largest supplier of Bitcoin and cryptocurrency cost companies, has introduced assist for #Polygon and $MATIC.
Starting this week, you may
1️⃣Purchase
2️⃣Retailer
3️⃣Swap
4️⃣Spend$MATIC inside the BitPay app. pic.twitter.com/NCCYlXQG9n— Polygon – MATIC 💜 (@0xPolygon) October 26, 2022
Bitpay is without doubt one of the main suppliers of Bitcoin and cryptocurrency cost companies on the earth. It has added assist for Polygon and MATIC, permitting its customers to purchase, retailer, swap, and spend MATIC and several other different supported ERC-20 tokens on Polygon.
Key ranges to observe
The MATIC/USD 4-hour chart is bullish as Polygon has added greater than 11% to its worth because the begin of the week. The technical indicators present that MATIC’s efficiency might enhance within the close to time period.
The MACD line crossed into the constructive zone earlier this week and has remained there, indicating that the bulls are at present answerable for the MATIC market.
The 14-day RSI of 64 additionally exhibits that MATIC might enter the overbought area if the present market momentum is sustained.
At press time, MATIC is buying and selling at $0.934 per coin. If the constructive momentum is maintained, MATIC might surge previous the primary main resistance stage at $1.004 per coin. That may be the primary time MATIC is buying and selling above $1 since August.
Nonetheless, it will want the assist of the broader market to surge previous the $1.057 resistance stage within the close to time period.
The place to purchase MATIC now
eToro
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