Polygon

While the majority of the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> is struggling in the <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bearish</a> season, Polygon (<a href="https://finbold.com/cryptocurrency/polygon/" rel="noopener noreferrer nofollow">MATIC</a>) has been no exception, and machine learning algorithms do not seem to see any signs of <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullishness</a> in the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> asset’s future by the end of the month.Indeed, the analysis of the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> monitoring and forecast platform PricePredictions currently suggests that the price of <a href="https://finbold.com/topic/polygon/" rel="noopener noreferrer nofollow">Polygon</a> by June 30, 2023, would drop to $0.567125, according to the latest <a href="https://pricepredictions.com/forecast/polygon" rel="noopener noreferrer nofollow">data</a> retrieved by Finbold on June 15.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/fd802c3f60bd45eabd5a582da9bbbd30.png" />Polygon 30-day forecast. Source: <a href="https://pricepredictions.com/forecast/polygon" rel="noopener noreferrer nofollow">PricePredictions</a>Specifically, the machine algorithm’s collective examination of technical analysis (<a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">TA</a>) indicators, such as moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), Bollinger Bands (<a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">BB</a>), average true range (<a href="https://finbold.com/guide/atr-indicator-definition/" rel="noopener noreferrer nofollow">ATR</a>), and others, suggest that the price of MATIC would decline by nearly 5% compared to its price at present.<h2 id="header-0">MATIC price analysis</h2>At press time, MATIC was changing hands at the price of $0.5966, which represents a decline of 9.18% on the day, 23.60% across the past week, and 30.07% over the previous month, as it also records a drop of 19.81% since the year’s turn.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/801e193c35584af5a5a6720388744b00.png" />MATIC 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/polygon/" rel="noopener noreferrer nofollow">Finbold</a>In terms of the technical analysis <a href="https://www.tradingview.com/symbols/MATICUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">sentiment</a> for Polygon’s token on 1-day gauges over at the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> and crypto analytics platform TradingView, it is largely pessimistic as well, its summary suggesting a ‘sell’ at 15, as the <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> point at a ‘neutral’ at 8 and moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>) indicate a ‘strong sell’ at 14.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8b404206d716455a8ea6b475e2c0b05b.png" />MATIC 1-day price gauges. Source: <a href="https://www.tradingview.com/symbols/MATICUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a><h2 id="header-1">Polygon developments</h2>It should also be noted that Polygon was one of the three prominent digital assets to be <a href="https://finbold.com/robinhood-to-delist-cardano-solana-polygon-heres-when-support-will-end/" rel="noopener noreferrer nofollow">delisted</a> by the <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/" rel="noopener noreferrer nofollow">crypto exchange</a> Robinhood after the United States Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>) labeled them as unregistered securities, as Finbold reported on June 9.That said, MATIC is currently one of the <a href="https://coinmarketcap.com/trending-cryptocurrencies/" rel="noopener noreferrer nofollow">top three trending</a> cryptocurrencies over at the crypto tracking platform <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a>, preceded only by Pepe (<a href="https://finbold.com/topic/pepe/" rel="noopener noreferrer nofollow">PEPE</a>), which is still riding the meme hype, and Cardano (<a href="https://finbold.com/cryptocurrency/cardano" rel="noopener noreferrer nofollow">ADA</a>) that has joined Polygon in pushing back against the SEC’s ‘security’ label.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>

Machine learning algorithm sets MATIC price for June 30, 2023

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