Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»MATIC, LINK post-recovery: is this the reason?
ALTCOIN NEWS

MATIC, LINK post-recovery: is this the reason?

By Crypto FlexsDecember 21, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MATIC, LINK post-recovery: is this the reason?
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 21, 2023


  • Over the past few days, over $3 million in MATIC and LINK have been accumulated.
  • The values ​​of MATIC and LINK have increased in the last 24 hours.

Depending on the Look on chainOn December 20, the newly created wallet withdrew 24,860 Chainlink (LINK) tokens worth $3.5 million and 5 million Polygon (MATIC) tokens worth $3.13 million from the Binance (BNB) exchange.

How do these recent accumulations compare to the current exchange flows of these assets?

Polygon and Chainlink exhibit different accumulation patterns.

As a result of the above report, AMBCrypto analyzed Polygon’s exchange flows through CryptoQuant and found that recent accumulation by new wallets has not been able to cope with significant inflows.

At the time of this update, MATIC’s exchange flow remained positive. It hit a record high of 15.4 million in recent days.

This means that a significant amount of MATIC tokens are entering exchanges and overwhelming the accumulated volume.

polygon exchange flowpolygon exchange flow

Source: CryptoQuant

In comparison, Chainlink showed an accumulation pattern based on exchange flow. The chart shows the outflow trend over the past few days as indicated by negative exchange net flows.

As of this writing, NetFlow is around -411,565. The current trend suggested that holders would maintain their positions rather than sell.

Chainlink exchange flowChainlink exchange flow

Source: CryptoQuant

MATIC and LINK show some recovery

AMBCrypto analyzed Polygon’s daily timeframe price movements to uncover the reasons for the recent surge in inflows to the exchange. The chart shows a recent decline in price over the past few days.

This decline became more evident as the price fell below the short-term moving average (yellow line). The yellow line was previously used as a support level around the $0.8 price range.

At press time, Polygon is trading at around $0.7, a 1.8% increase in value.

MATIC/USD price trendMATIC/USD price trend

Source: TradingView


Read Polygon (MATIC) Price Prediction for 2023-24


Like MATIC, LINK also fell below the yellow line, but the decline was not as pronounced. At the time of writing, the token is trading at around $14.4, reflecting a slight increase of over 2%.

Additionally, the Relative Strength Index (RSI) line remained below the neutral line, indicating a bearish trend despite recent price gains.

LINK/USD price trendLINK/USD price trend

Source: TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 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

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025
Most Popular

Sahara has raised a $6 million seed round led by Polychain Capital to democratize access to global knowledge capital through AI and blockchain technology.

March 6, 2024

AAVE Head Aptos: Will this high -speed expansion trigger 30% rally?

April 17, 2025

BlackRock’s Spot Bitcoin ​ETF Surpasses $15 Billion in Total Inflows

April 13, 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.