Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»MATIC bearish phase confirmed! Will $0.40 be next for altcoins?
ALTCOIN NEWS

MATIC bearish phase confirmed! Will $0.40 be next for altcoins?

By Crypto FlexsJuly 6, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MATIC bearish phase confirmed! Will alt=
Share
Facebook Twitter LinkedIn Pinterest Email
  • MATIC is struggling to find its footing after nearly all of its shareholders lost their earnings.
  • The MVRV indicator showed that the token is in a bearish phase and needs a 13% upside to break out.

The situation for Polygon (MATIC) has worsened since the recent market correction. To be very specific, the token price crashed to $0.43 on July 5th.

To put this in perspective, the last time MATIC reached this level was in July 2022, when the cryptocurrency market was in a full-blown downtrend.

MATIC’s recent decline was consistent with the overall market, but in one respect it looked all its own.

Now, one would generally expect most or at least some of the top 20 crypto holders to see some form of profit at some point. But is that the case for MATIC?

Polygon finally leaves ‘Green Land’

Well, the bad news is that MATIC can’t boast the same. According to IntoTheBlock, 97% of the project’s active addresses currently have no money. In simple terms, this means they are losing money on their tokens.

The remaining 3% did not make a profit, but reached the break-even point, meaning there were no unrealized profits among active MATIC holders.

In March, Polygon’s native token price reached a yearly high of $1.27, making many holders rich. However, since then, the altcoin has been in decline.

At the time of writing, the cryptocurrency was able to return to $0.46, but it never faced a huge sell barrier at its lowest price of $0.49.

Polygon pricing issue

Source: IntoTheBlock

In this area, 550 addresses bought 20.47 million MATIC. Therefore, if the price approaches this level, investors are likely to be willing to sell.

If this is true, the token value could drop back to $0.43. However, if buying pressure increases, the bulls may try to break this wall.

If successful, MATIC may retest $0.51 on the charts, but that is unlikely to happen anytime soon.

Will the bears continue to stay here?

AMBCrypto also assessed whether MATIC had fallen back into a bearish phase. To do this, we looked at the long/short difference in Market Value to Realized Value (MVRV).

This metric calculates the difference between the MVRV ratio of long-term holders and the MVRV ratio of new token accruers.

If the indicator is positive, it means that the token is in a bullish phase. However, if the reading is negative, it means that it is in a bearish phase.

For this project, the MVRV long/short difference is -13.75%, indicating that MATIC is in the bears’ hands. The price needs to rise by 13% to get out of this zone.

Polygon price dropPolygon price drop

Source: Santiment


Read Polygon’s (MATIC) price prediction for 2024-2025


When this happens, the token may try to retest its previous high, but if it fails to do so, the price may fall again.

This time it could fall to $0.40.

Next: What’s the Future of Ethereum After ETH Erases ‘Pre-ETF Approval’ Gains

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025

The PBK Miner uses XRP mining to start a stable and efficient income method to easily earn $ 18,000 a day.

July 10, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025
Add A Comment

Comments are closed.

Recent Posts

21Shares submitted ETFs and on major exchange lists ondo price rallies

July 23, 2025

Ethereum Based Meme Coin PEPETO Raises Above $5.5M In Presale

July 22, 2025

MultiBank Group’s $MBG Token TGE Is Live On MexC, Gate.io, Uniswap And Multibank.io.

July 22, 2025

Ark Invest sells coinbase stocks and invests in BitMine.

July 22, 2025

Altcoin benefits of capital rotation

July 22, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

CARV Advances AI Beings Roadmap With Hackathon And 12+ Ecosystem Partnerships

July 22, 2025

POLYMARKET will re -enter the United States after the acquisition of QCEX $ 112 million.

July 22, 2025

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

21Shares submitted ETFs and on major exchange lists ondo price rallies

July 23, 2025

Ethereum Based Meme Coin PEPETO Raises Above $5.5M In Presale

July 22, 2025

MultiBank Group’s $MBG Token TGE Is Live On MexC, Gate.io, Uniswap And Multibank.io.

July 22, 2025
Most Popular

Ethereum Whales Expect Neiro’s Wild Moves After Binance Listing

September 18, 2024

Aptos Foundation expands global presence with new Abu Dhabi office

December 11, 2024

Binance Supports Filecoin (FIL) Network Upgrade in November 2024

November 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.