2024

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Polygon

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<ul class="wp-block-list news-points">
 <li><strong>Whale activity signals potential shifts in MATIC, with major transfers from Binance.</strong></li>
 <li><strong>MATIC tests $0.378 support whereby breaking below may push price towards $0.375.</strong></li>
 <li><strong>MATIC’s RSI nears oversold, suggesting a potential buying opportunity for traders.</strong></li>
</ul>
<p>Large-scale MATIC transfers are on the rise as “whales,” or major investors, move significant amounts of Polygon’s native token from major exchanges to unknown wallets. Whale Alert reported several substantial transactions, signaling potential market shifts.</p>
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   <p lang="en" dir="ltr">Matic -&gt; POL loading …<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/sRxmQWo38i" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/sRxmQWo38i</a></p>— Vadim (@crypto_vadim) <a href="https://twitter.com/crypto_vadim/status/1833432982180221070?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 10, 2024</a>
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<p class="has-text-align-center"><strong><a href="https://coinedition.com/8m-in-matic-moved-by-polygon-foundation-as-pol-migration-nears" rel="noopener noreferrer nofollow">Read also: $8M in MATIC Moved by Polygon Foundation As POL Migration Nears</a></strong></p>
<p>Binance witnessed two major transfers of 200 million <a href="https://coinedition.com/polygon-regains-control-over-discord-channel-hours-after-hack/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">MATIC</a> each, totaling roughly $154.3 million, to an undisclosed wallet. OKEx also saw a notable movement of 30 million MATIC, valued at $11.45 million, to an unknown wallet. Further transfers from <a href="https://coinedition.com/binance-removes-matic-tusd-pair-analyzing-the-impact-on-polygon-matic-price/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Binance</a> and OKEx, involving 200 million MATIC and 30.065 million MATIC respectively, demonstrates the continued whale trading.</p>
<h2 class="wp-block-heading" id="h-matic-price-and-technical-analysis">MATIC Price and Technical Analysis</h2>
<p>MATIC’s price at press time is <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="noopener noreferrer nofollow">$0.3785</a>, reflecting a 1.04% cut down in th…</p>
<p>The post <a href="https://coinedition.com/polygons-matic-sees-major-whale-activity-puts-price-under-pressure/" rel="noopener noreferrer nofollow">Polygon’s MATIC Sees Major Whale Activity, Puts Price Under Pressure</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Polygon’s MATIC Sees Major Whale Activity, Puts Price Under Pressure

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