The crypto space is assumed to be preparing for a fresh price reversal as Bitcoin cijena and major altcoins are testing major support levels. Furthermore, the tokens are apparently predicted to drop off these levels to mark a bearish close for the month. Meanwhile, one of the strong layer-1 chains, Polygon’s native token MATIC is reportedly believed to be in deep waters as whales could cause more price drops shortly.
MATIC-ova cijena is presently trading at $0.822 with a drop of nearly 4.06% in the past 24 hours with a market capitalization of $7.18 billion. In the past few days, MATIC’s price has been undergoing a couple of strong pullbacks. According to a leading on-chain data provider, Lookonchain, whales are causing these dumps at frequent intervals.
Source: https://coinpedia.org/price-analysis/attention-traders-polygon-matic-price-posied-for-a-12-drop-to-reach-below-0-7-this-week/