Polygon （MATIC） struggles to recover its price despite a surge in active addresses, driven by upcoming migration news.
Points
- MATIC price recovery remains slow, currently around $0.54.
- Active addresses spiked to a yearly high of 4,400.
- The anticipated migration to POL in September attracts investor interest.
Polygon （MATIC） has not mirrored the robust recovery seen in other cryptocurrencies, struggling to rise above the $0.50 mark. However, the optimism among MATIC holders remains strong, driven by positive news and increased investor activity.
The MATIC price has gradually climbed back above $0.50 in recent days, attempting to flip crucial resistance into support. This positive trend is fueled by the announcement of MATIC’s migration to POL, set for September. This timeline has caught the attention of investors, leading to a spike in active addresses to 4,400—the highest single-day participation in over a year.
Despite the price still being relatively low, the surge in active addresses indicates that investors are hopeful about a future recovery. According to the historical in/out of the money indicator, less than 3% of investors are currently in profit, having bought their assets below the current price. This drives their actions towards generating profits.
MATIC’s price is attempting to flip $0.53 into support, which could help recover early July losses. A successful bounce from this support would enable Polygon’s native token to breach $0.60 and $0.64. Reclaiming the latter, a critical support floor, could lead to a rally, pushing MATIC into a consolidation range between $0.75 and $0.60.
However, if $0.60 is not breached, MATIC may remain consolidated under this level. Prolonged consolidation could invalidate the bullish thesis, leaving MATIC vulnerable to a drawdown.
解説
- Investor Activity: The increase in active addresses is a positive indicator, reflecting heightened investor interest and potential for future price recovery.
- Support and Resistance: Key price levels, such as $0.53 （support） and $0.60-$0.64 （resistance）, play crucial roles in determining MATIC’s price movements and market sentiment.
- Migration Impact: The upcoming migration to POL is a significant event for Polygon, attracting investor attention and potentially driving demand for MATIC tokens.