<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/polygons-matic-faces-price-pressure-as-user-activity-dips">Polygon’s MATIC Faces Price Pressure as User Activity Dips</a><br></p>
<p style="text-align: justify"> The <a href="https://en.bitcoinhaber.net/bitcoin-market-outlook-amid-etf-turbulence-and-whale-activity">cryptocurrency</a> Polygon, known by its token MATIC, is currently undergoing close examination from industry experts due to a notable decrease in its daily active users. Over the past week, the count of active addresses plummeted to its lowest average since the end of February, signaling potential distress as over half of MATIC investors are currently in a loss-making position. </p> 
<h2 id="indicators-of-a-downward-trend">Indicators of a Downward Trend?</h2> 
<p style="text-align: justify"> An observed ‘death cross’ in MATIC’s exponential moving averages suggests the possibility of an enduring decline, shedding doubt on the asset’s short-term performance. Despite a remarkable surge in active addresses from early February to mid-March, the recent slowdown raises concerns. This ebb in user engagement, evidenced by the weekly average, typically correlates closely with the token’s value fluctuations. </p> 
<p style="text-align: justify"> The robust activity previously indicated heightened interest in MATIC, with addresses soaring by nearly 70%. Concurrently, its price had surged by over 41%. This relationship between user activity and price fortifies the impact of the current downward trend in active addresses on market expectations. </p> 
<h2 id="implications-for-matic-s-market-value">Implications for MATIC’s Market Value</h2> 
<p style="text-align: justify"> The dwindling number of active users might foreshadow a price correction for the altcoin in the near future. Historically, such trends have preceded a cooling-off period for MATIC’s market value, possibly heralding a dip in its price path. </p> 
<p style="text-align: justify"> The present scenario, where a majority of MATIC holders are not seeing profits, could prompt a sell-off once prices rise modestly, thereby imposing resistance to upward movements due to increased selling pressure at certain price levels.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/polygons-matic-faces-price-pressure-as-user-activity-dips">Polygon’s MATIC Faces Price Pressure as User Activity Dips</a></h5>

Polygon’s MATIC Faces Price Pressure as User Activity Dips

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