Alert investors have noticed several interesting signals that the Polygon (MATIC) market has been exhibiting. It appears from recent activity that MATIC has been silently accumulating over the last two weeks, which frequently occurs before notable price change. Given the range of prices over this time, it is fundamental to wonder if MATIC is preparing for a huge shift.
The price chart shows that following an unanticipated and significant 21% decline, MATIC has actually seen a reversal. It will be important to watch how the market reacts to this decline in order to predict the future course. After a dip like this, astute investors usually search for accumulation signals, which point to possible upward momentum. This is because of the widely held belief in the market that “volume precedes price,” which implies that if accumulation is taking place, a price spike could be on the horizon.
An rise in volume along with the price range can be a sign that buyers are taking advantage of the low prices and are making purchases, which might pave the way for a positive trend. The volume profile is declining, as can be observed on the daily MATIC/USDT chart, suggesting a possible trend reversal in the near future.
Technical experts will also be keeping an eye out for a verified breakthrough on the charts. In order to support the idea that an explosive price move is imminent, this would require MATIC to close over a significant resistance level on higher volume.
The nature of the breakthrough will be crucial in determining the strength and durability of any upward price action, regardless of whether it occurs during a low volume consolidation phase or on the heels of high volume.
