Polygon (MATIC) price displays a bullish divergence on a momentum indicator, indicating a bullish move.
Polygon price formed a bullish divergence on a momentum indicator, signaling a reversal. On-chain data shows
tokens, further bolstering bullish sentiment for an upward trajectory. 1-day chart On-chain data provider Santiment’s Network Realized Profit/Loss indicator computes a daily network-level Return On Investment based on the coin’s on-chain transaction volume. Simply put, it is used to measure market pain. Strong spikes in a coin’s NPL indicate that its holders are on average, selling their bags at a significant profit. On the other hand, strong dips imply that the coin’s holders are on average realizing losses, suggesting panic sell-offs and investor capitulation.
tokens dropped from 218.82 million to 251.70 million between June 12 and 18. Meanwhile, wallet holdings of 10 million to 100 million and 100,000 to 1 million
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