Polygon

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/polygon-matic-price-under-scrutiny-as-active-addresses-decline/" data-wpel-link="internal">Polygon (MATIC) Price Under Scrutiny as Active Addresses Decline</a><br></p>
<p style="text-align: justify">The price of <strong><a href="https://en.coin-turk.com/polygons-price-continues-to-climb/" data-wpel-link="internal">Polygon</a> (<a href="https://en.coin-turk.com/matic-coin-price-predictions-polygon-matic-september-reviews/" data-wpel-link="internal">MATIC</a>)</strong> is under experts’ scrutiny as the number of daily active addresses has decreased over the last eight days, reaching the lowest seven-day moving average level not seen since February 27th. This could be a possibility as 51% of MATIC holders are facing losses at their current positions.</p> 
<h2 id="active-addresses-on-matic">Active Addresses on MATIC</h2> 
<p style="text-align: justify">A recent death cross on the <strong>MATIC</strong> exponential moving average (EMA) lines could indicate a lasting downtrend, casting a shadow on the cryptocurrency’s near-term outlook. The number of daily active addresses on MATIC has recently shown a significant increase, displaying a robust growth model. Overall, there was a notable increase in daily active addresses from February 1st to March 14th. The addresses rose from 1,946 to 3,301, recording an impressive growth of 69.63%.</p> 
<p style="text-align: justify">This upward trend indicates growing interest and participation in the <strong>MATIC</strong> network. However, this strong growth rate may show signs of slowing down in the last eight days. This trend can also be understood from the seven-day moving average. The relationship between MATIC price movements and daily active addresses, especially the seven-day moving average, has historically been tight. This correlation can also be seen in the most recent price increase observed from February 1st to March 14th, where MATIC’s price experienced a notable increase of 41.77%.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-331990 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/matic.webp" alt="" width="850" height="288"></p> 
<h2 id="historical-data-on-matic">Historical Data on MATIC</h2> 
<p style="text-align: justify">Considering the recent decline in the seven-day moving average of daily active addresses, it could be inferred that the price of the <strong>altcoin</strong> may be preparing for a potential correction phase in the short term. If historical patterns hold true, this decrease in active address growth could signal a cooling period for MATIC’s market valuation and may indicate an impending adjustment in the price trajectory in the coming days.</p> 
<p style="text-align: justify">The current situation, where 51% of <strong>MATIC</strong> addresses are at a loss and only 44% are profitable, could indicate a downtrend. According to experts, this situation could also prompt those incurring losses to sell as soon as prices recover, creating selling pressure at certain thresholds and potentially limiting any price increase.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/polygon-matic-price-under-scrutiny-as-active-addresses-decline/" data-wpel-link="internal">Polygon (MATIC) Price Under Scrutiny as Active Addresses Decline</a></h5>

Polygon (MATIC) Price Under Scrutiny as Active Addresses Decline

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