According to PricePredictions, an online forecasting platform for cryptocurrencies, Polygon (MATIC) is expected to experience a price drop to $0.567125 by June 30, 2023. The forecast is based on technical analysis indicators including moving average convergence divergence (MACD), Bollinger Bands (BB), and average true range (ATR), among others. The algorithm predicts a decline of nearly 5% compared to its current price.
At the time of writing, MATIC was trading at $0.5966, which represents a decline of 9.18% on the day, 23.60% over the past week, and 30.07% over the previous month, and has noted a drop of 19.81% since the beginning of the year.
In terms of sentiment, the indicators suggest a “sell” at 15, with oscillators pointing at “neutral” at 8 and moving averages indicating a “strong sell” at 14.
It is worth noting that Polygon was among the three popular digital assets delisted by the Robinhood crypto exchange recently after the SEC labeled them as unregistered securities.
Despite this, MATIC is currently among the top three trending cryptocurrencies on CoinMarketCap, trailing behind Cardano and cryptocurrency Pepe that’s still enjoying the hype around meme coins.
Machine Learning Algorithm Predicts MATIC Price on June 30, 2023
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