Polygon Matic slides down from $0.912 to $0.902 today, losing $0.01 (1.09%).
United States Consumer Price Index is next today at 13:30 UTC.
While price action maintains a negative bias, United States Federal Budget Balance (Nov) came out at -249 billion, while a consensus of analysts was expecting -248 billion. United States 10-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.625, while the previous figure was 4.14. United States 3-Year Note Auction came out at 4.093.
MaticNetwork USD made an initial break below its 21 day Simple Moving Average at $0.888, a possible indication of a forthcoming negative trend. Polygon Matic's upper Bollinger Band® is at $0.964 which indicates a further downward move may follow. Despite this, Polygon Matic could begin to recover as it approaches significant support, now 2 cents away from $0.883. Dipping below could be an indication that further losses are ahead.
Overall, looking at the technical analysis landscape, it seems Polygon Matic is likely to continue pointing down in the short term.
In the meantime, negative performances are also seen in other markets, FTX Token goes down 6.33% to trade around $1.39. Binance Coin is trading around $269.27 (down $7.55).
Positive performances can be seen by looking at other markets as having closed the previous session at $106.41, Bitcoin Cash is up 2.19% today to currently trade at around $108.74.
In addition, United States Crude Oil Inventories is projected to outperform its last figure with -3.91 million. It previously stood at -5.19 million; data will be released tomorrow at 15:30 UTC.
Furthermore, United States Consumer Price Index is expected today at 13:30 UTC. United States Interest Rate figure is projected at 4.5. It previously stood at four; data will be released tomorrow at 19:00 UTC.
Trending downwards for around a month. 11 months ago Polygon Matic reached a significant high of $2.88 but has consequently lost 68.3% since then.