Matic Jumps 63% This Week After Spike in Network Activity: Details

u.todayОпубликовано 2022-07-18Обновлено 2022-07-18

Введение

Despite a negative first half of 2022, some altcoins, including Polygon's MATIC, managed to breakout from the massive downtrend started in November and even cover part of the loss they took during the bear market.

Despite a negative first half of 2022, some altcoins, including Polygon's MATIC, managed to breakout from the massive downtrend started in November and even cover part of the loss they took during the bear market.

In the last week, MATIC saw massive 63% growth after Disney Accelerator chose Polygon as part of their program. The program is designed for discovering and supporting projects that work on augmented reality, NFTs and other innovative entertainment technologies.
📊 #Altcoins spent the first half of 2022 seeing market cap gains being flushed rapidly. However, projects like $MATIC have made up for some of its losses quickly, jumping +63% in a week. Address activity is also rising, showing an intriguing divergence. https://t.co/eJ3hMbkE2N pic.twitter.com/cz2gxvaOlL
— Santiment (@santimentfeed) July 18, 2022
With the rise of MATIC, we saw a rise in address activity, which shows that the fundamental growth of the network started following the market price of MATIC. Previously, investors were able to see the first oversold signs going back to mid-May.
The plunging price of an asset that comes with rising address activity is one of the first signs of active accumulation, which could last for months.

MATIC price performance
According to the daily chart provided by TradingView, MATIC is currently moving in an uptrend and showing several reversal signs, including the 50-day moving average breakout and a successful spike above the historical resistance of $0.88.
The Volume Profiles indicator suggests ‌the token is not yet facing a rally, fading as investors are actively supporting the "Disney Rally."
The only indicator that currently shows some worrisome signs is the Relative Strength Index, which is moving around 77, showing that MATIC is currently oversold. But while RSI enters the reversal zone, it will not necessarily stop the token's rally.
At press time, Polygon's token is moving at $0.9 and gaining around 20% to its value in the last 24 hours, becoming the most profitable asset from the top 50 digital assets by market capitalization.

Похожее

Bitcoin Trading Strategy Breakdown: Celebrity Predictions and Classic Models All Fail, Only These Four Indicators Remain

Analysis of Bitcoin Trading Strategies: Why Celebrity Forecasts and Classic Models Fail, Leaving Only These Four Reliable Indicators This analysis examines the failure of common Bitcoin prediction methods and identifies four reliable indicators for constructing a trading strategy. The author reviewed all major BTC prediction approaches from 2017-2025, categorizing them into three groups: celebrity price targets (consistently over-optimistic), analytical models like Stock-to-Flow (broken post-2022), and on-chain signals. The key finding is that more data often creates confusion, not clarity. The strategy discards unreliable elements: celebrity predictions (incentivized to be extreme), pure models (invalidated by post-ETF market changes), and the Fear & Greed Index used alone (too many false signals). Four reliable indicators were selected: 1. **MVRV Z-Score:** Accurately identifies cycle bottoms when entering its green zone (e.g., 2018, 2020, 2022). Note: Its ability to call tops is now ineffective post-2024. 2. **SOPR (28-day MA):** Consistently signals bottoms when below 1.0, indicating holders are selling at a loss. 3. **ETF Net Flow:** A crucial post-2024 metric showing institutional momentum (e.g., sustained inflows = buying). 4. **Macro Liquidity (Fed policy & M2):** Sets the overall directional bias (e.g., bullish during easing cycles). The core strategy involves waiting for a multi-signal共振 (resonance). For example, a bottom signal requires MVRV in the green zone + SOPR < 1.0. A top signal requires overheated on-chain data + sustained ETF outflows. Macro policy sets the overall direction. The Fear & Greed Index is only used as a weighted confirmatory signal, never alone. Action is only taken when three or more indicators align. The author automated this into a monitoring system that sends Telegram alerts only when signals trigger. As of the article's date (April 15, 2026), the system showed a strong bottom signal: extreme fear (F&G=12), MVRV in the buy zone, and SOPR < 1.0. The only contrary signal was weak ETF flows. Historically, such triple on-chain共振 has preceded 100%+ returns. The conclusion emphasizes building a personal framework over relying on external predictions, allowing for iterative improvement and customization based on individual risk tolerance.

marsbit2 ч. назад

Bitcoin Trading Strategy Breakdown: Celebrity Predictions and Classic Models All Fail, Only These Four Indicators Remain

marsbit2 ч. назад

Торговля

Спот
Фьючерсы
活动图片