data, MATIC’s MVRV ratios on 30-day and 365-day moving averages were -10.11% and 11.99%, respectively, at the time of writing.
A positive MVRV ratio above one signals that an asset is overvalued. It suggests that the current market value of an asset is significantly higher than the price at which most investors acquired their holdings. As Martinez noted, MATIC’s negative MVRV ratios present a “perfect time to buy.” This is because, at its current price, MATIC trades at a discount relative to its historical cost basis.An assessment of MATIC’s price movements on a 1-day chart showed a slow shift in market sentiment from bearish to bullish.
Likewise, for the first time since 15th March, MATIC’s MACD line now sits above its signal line . When these lines are positioned this way, an asset’s shorter-term average is above its longer-term average.
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