Show

when

Coin

<p>According to an analysis by cryptocurrency analyst Ali shared via a <a href="https://x.com/ali_charts/status/1782861499993641015" target="_blank" rel="noopener noreferrer nofollow">tweet post,</a> current indicators might suggest a prime buying opportunity for Polygon’s MATIC. The 30-day, 365-day, and MVRV Z-Score Ratios have all plunged into negative territory. This shift often hints at an undervaluation of the asset, potentially positioning MATIC as an attractive investment for discerning buyers.</p>
<h2 class="wp-block-heading" id="strong-short-term-analysis-the-30-day-mvrv-ratio-strong"><strong>Short-Term Analysis: The 30-Day MVRV Ratio</strong></h2>
<p>Ali’s analysis highlights that the 30-day MVRV ratio for MATIC has dipped below zero. This indicates that the average purchase price over the last month overshadows the current trading price. For short-term traders, such a scenario typically signals a possible undervaluation. Consequently, it might be a suitable time to buy, expecting a rebound soon.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="461" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-1024x461.png" alt="" class="wp-image-480128" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-1024x461.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-300x135.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-767x345.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-1536x691.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-2048x922.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-333x150.png 333w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-778x350.png 778w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077-788x354.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1077.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="strong-long-term-perspectives-the-365-day-mvrv-ratio-strong"><strong>Long-Term Perspectives: The 365-Day MVRV Ratio</strong></h2>
<p>Moreover, the 365-day MVRV ratio has also entered negative realms. This longer view suggests that the price is now below the yearly average, reflecting a potential loss for long-term investors. However, for those who trust in the enduring value of MATIC, this could be seen as a favorable entry point, especially if they are prepared to endure market fluctuations.</p>
<p>Additionally, the MVRV Z-Score is also negative. This metric serves to identify periods when an asset is extremely over or undervalued compared to its “fair value.” A negative Z-Score typically indicates that the asset is currently undervalued. Historically, such levels have often aligned with market bottoms, suggesting a possible pivot point for MATIC.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-recent-price-movements-and-market-sentiment-strong"><strong>Recent Price Movements and Market Sentiment</strong></h2>
<p>At the time of writing, MATIC trades at <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="noopener noreferrer nofollow">$0.747576</a>, up 1.80% over the last day, according to CoinMarketCap data. Despite this slight uptick, the general price trend over the past months has shown significant downward movement. This trend, coupled with the current negative MVRV ratios, might imply that the sell-off has led MATIC to an undervalued state and potential buying opportunity for investors.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/polygons-matic-shows-buy-signals-across-key-technical-indicators-heres-what-to-watch/" rel="noopener noreferrer nofollow">Polygon’s MATIC Shows Buy Signals Across Key Technical Indicators: Here’s What to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polygon’s MATIC Shows Buy Signals Across Key Technical Indicators: Here’s What to Watch

Table of Contents

CaptainAltcoin

Other articles published on Apr 24, 2024

Central Bank of Nigeria Denies P2P Trader Account Ban Rumors

Apology Letter from Binance Former CEO CZ to the Court Judge!

Insights on Cryptocurrency: Notable Analyst Predicts Upward Movements for FLOKI and Other Altcoins

BlockDAG Leads 2024 Crypto Presales With Innovative X1 Mining App, Amid DeeStream And Pushd Innov...

FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

5 Extremely Undervalued Crypto Altcoins Set to 15-100X SOON

Join our free newsletter for daily crypto updates!