Token

Boost

Polygon

Notable

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/polygon-addresses-boost-token-holdings" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon Addresses Boost Token Holdings</a><br></p>
<p style="text-align: justify">Polygon addresses holding substantial amounts of tokens have been increasing, setting a significant trend, according to data from Santiment. Specifically, addresses possessing between 100 million to 1 billion tokens now account for 16.17% of the total supply as of May 23. This surge suggests rising confidence in Polygon’s (<a href="https://en.bitcoinhaber.net/polygons-advanced-aggregation-tech-to-bolster-swells-restaking-protocol" data-wpel-link="internal" rel="noopener noreferrer nofollow">MATIC</a>) long-term potential but also poses potential short-term price risks if large holders decide to sell.</p>
<h2 id="what-is-happening-with-matic">What Is Happening with MATIC?</h2>
<p style="text-align: justify">The rising token holdings demonstrate confidence in MATIC’s future but could impact its immediate price trajectory. Should major holders decide to liquidate their positions, it could result in a price decline. Conversely, the accumulation trend might drive prices higher. As of now, MATIC is valued at $0.72, reflecting a 25.48% drop over the past 90 days.</p>
<p style="text-align: justify">Despite recent attempts, MATIC has struggled to break past the $0.80 resistance. However, the ongoing accumulation may eventually trigger a price uptick.</p>
<h2 id="notable-data-points">Notable Data Points</h2>
<p style="text-align: justify">High liquidity zones, particularly between $0.75 and $0.78, could attract MATIC prices towards these levels. The Cumulative Liquidation Levels Delta (CLLD) further supports this, highlighting the balance between long and short positions. Positive CLLD readings suggest more long liquidations, while negative readings indicate more short liquidations.</p>
<h2 id="concrete-insights">Concrete Insights</h2>
<p style="text-align: justify">The following inferences are crucial for understanding the MATIC <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> dynamics and potential strategies:</p>
<ul>
 <li>Monitoring high liquidity areas between $0.75 and $0.78 may provide insights into MATIC’s next move.</li>
 <li>Positive CLLD readings could indicate a price recovery, potentially reaching or exceeding $1 in the medium term.</li>
 <li>Increased transaction activity, as shown by decreasing MDIA, may spur selling pressure.</li>
</ul>
<p style="text-align: justify">The Mean Dollar Invested Age (MDIA) <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data reveals</a> that most participants are gravitating towards MATIC. A decreasing MDIA suggests higher transaction activity, which may sometimes lead to selling pressure. Currently, the 90-day MDIA has started to rise, hinting at a possible shift in market sentiment.</p>
<p style="text-align: justify">Previously, a similar trend in MDIA led to MATIC’s price climbing from $0.71 to $1.27. While the exact scenario may not repeat, there’s a possibility that the token’s price could approach or exceed $1 in the medium term.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/polygon-addresses-boost-token-holdings" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon Addresses Boost Token Holdings</a></h5>

Polygon Addresses Boost Token Holdings

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