Tentatively higher from an earlier low of $0.92, Polygon Matic is up to $0.937 today, adding $0.017, or 1.81%, to today's closing price of $0.92.
United States ISM Non-Manufacturing PMI (Nov) is next today at 15:00 UTC.
MaticNetwork USD made an initial breakout above its 3 day Simple Moving Average at $0.92, a potential indicator of a newly emerging bullish phase. On the other hand, note that Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.955, thereby suggesting that Polygon Matic is becoming overvalued.
According to technical analysis, it looks as if Polygon Matic likely to continue pointing upward in the short term.
Polygon Matic shows positive signs, other assets are also on par: having closed the previous session at $77.05, Litecoin is up 7.85% today to currently trade at around $83.09. Having closed the previous session at $1.39, FTX Token is up 5.44% today to currently trade at around $1.47. Having closed the previous session at $111, Bitcoin Cash is up 3.04% today to currently trade at around $114.39.
Elsewhere, United States ISM Non-Manufacturing PMI (Nov) will be released today at 15:00 UTC. United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 17:00 UTC.
Polygon Matic reached a significant high of $2.88 around 11 months ago but has lost 68% since then.