Impact

Polygon

Coin

<ul class="news-points">
 <li>Binance delisting MATIC/TUSD raises questions, but MATIC remains on Binance with potential market impact.</li>
 <li>MATIC’s key support at $0.50 and resistance at $0.54 could determine short-term price movements.</li>
 <li>Increased trading volume and neutral RSI suggest a potential breakout for MATIC in the near term</li>
</ul>
Binance’s recent decision to delist the <a href="https://www.binance.com/en/support/announcement/notice-of-removal-of-spot-trading-pairs-2024-07-26-5034711ef01a478daa801e9e21a1f54f?hl=en" target="_blank" rel="noopener noreferrer nofollow">MATIC/TUSD trading pair</a> has sparked concerns among investors and analysts about its potential impact on Polygon’s price. While the delisting of this specific pair does not signify the complete removal of MATIC from Binance, it does raise questions about how this change might affect the coin’s market dynamics and price movements.
As of press time, Polygon (MATIC) is trading at <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="noopener noreferrer nofollow">$0.5287</a>, reflecting a modest gain of 0.45% over the past 24 hours. The coin is facing critical support and resistance levels that could influence its short-term performance.
The primary support level stands at $0.52, a price point that has consistently acted as a reliable floor for MATIC. This level has been tested multiple times, and each time, it has helped stabilize the price and enable rebounds.
There is another level of support at $0.50, w…
The post <a href="https://coinedition.com/binance-removes-matic-tusd-pair-analyzing-the-impact-on-polygon-matic-price/" rel="noopener noreferrer nofollow">Binance Removes MATIC/TUSD Pair: Analyzing the Impact on Polygon (MATIC) Price</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Binance Removes MATIC/TUSD Pair: Analyzing the Impact on Polygon (MATIC) Price

Coin Edition

Alte articole publicate pe 24 iul. 2024

Ferrari to launch crypto payments in Europe after US success

Bitstamp Influences Bitcoin Market

Dogecoin Trades Lower, Analysts Predict Recovery

From Coinbase to Paradigm: The Crypto Journey of Fred Ehrsam

Senator Cynthia Lummis calls Biden’s Bitcoin mining tax senseless

XRP on the Precipice: Price Dips as Community Awaits SEC Meeting Outcome

Join our free newsletter for daily crypto updates!