MATIC's Unusual Price Spike Puts It at Top of Crypto Market

📆 01.12.2022 15:45:00
📰 Utoday_en

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$MATIC rallies once again after one of the most volatile months on the crypto market

. Once again, the token got to the top of the cryptocurrency market, and the whole variety of on-chain and market indicators suggests it will remain there.

As IntoTheBlock's data suggests, two out of the seven on-chain indicators for Polygon are flashing green, while only one of those seven is in the bearish zone. The aforementioned bullish indicators are the In The Money indicator and Bid-Ask Volume Imbalance.The In The Money indicator tracks the profitability of an asset and enters the green zone as soon as the percentage of users in profit on the network increases.

At press time, MATIC is trading at the $0.9 price level with a solid 10% price increase in the last 24 hours.

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