Polygon Matic goes up to $1.18, having dipped down to $1.1 earlier.
Polygon Matic is currently trading at $1.18 following the release of U.S. President Biden speech data from the United States.
Meanwhile, United States Participation Rate (Feb) released today at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
MaticNetwork USD made an initial breakout above its 21 day Simple Moving Average at $1.19, a potential indicator of a newly emerging bullish phase. In contrast, Polygon Matic could be slowing down soon; it is getting close to the resistance line and is now at $1.17, only 8 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Overall, looking at the technical analysis landscape, it seems Polygon Matic might continue pointing upwards in the short term.
Polygon Matic shows positive signs, other assets are also on par: Bitcoin is up 8.47%. Having closed the previous session at $290.52, Binance Coin is up 6.61% today to currently trade at around $309.71. FTX Token added 9.54% to its value, now trading at $1.36.
Elsewhere, United States Consumer Price Index figure is projected at 0.4%. It previously stood at 0.5%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 6%. It previously stood at 6.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.
This year has been a bright one for Polygon Matic after trading as low as $0.345 and going on to appreciate by 41.59% year to date.