Polygon (MATIC) sees a strong oversold bounce after $250B crypto market rebound

MATIC's sharp rebound placed the price back above its 200-day exponential moving average , a level significant for its role in limiting the market's downside bias.On Jan. 25, MATIC bulls attempted to reclaim the 200-day EMA as support almost a week after losing it. The drop-and-bounce around the blue wave looked very similar to the price action in the July–August period last year, wherein closing above it had led to a 200%-plus price rally.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

XFLOKIVERSE is the token used for the world-building items inside the metaverse, including the planets and the unique environments. A token with high stability 💯 XRPL XRPCommunity XRPArmy

FlokiVerse is the token used for the world-building items inside the metaverse, including the planets and the unique environments. A token with high stability 💯 XRPL XRPCommunity XRPArmy

Breaking News New Centralized Exchange, Blue…CEX Huge benefits to our BlueSparrow holders past, present and future Buying/selling BlueSparrow with no gas fees listing the first 10 professional, legit tokens for free ETH BlueSparrow BlueSparrowCommunity BlueSparrowETH WEB3

Breaking News New Centralized Exchange, Blue…CEX Huge benefits to our BlueSparrow holders past, present and future Buying/selling BlueSparrow with no gas fees listing the first 10 professional, legit tokens for free ETH BlueSparrow BlueSparrowCommunity BlueSparrowETH WEB3

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Rebounds 10% From Yesterday's Bottom, Crypto Markets Gain $120B (Market Watch)The cryptocurrency market managed to recover about $120 billion since yesterday's bloodbath. Bitcoin is trading around $36K while many altcoins bounce.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

YouTube head of gaming Ryan Wyatt to resign and join Polygon Studios as CEO⬆ +13 YouTube head of gaming Ryan Wyatt to resign and join Polygon Studios as CEO $MATIC polygon blockchain
Source: CryptoPanicCom - 🏆 563. / 51 Read more »

Bitcoin Plunge Amid Wall St Sell-Off: Opportunity or Crisis?On Monday, Bitcoin, the world’s largest cryptocurrency by market value, crashed by 5.52% in just 24 hours. Read more:
Source: Daily_Forex - 🏆 567. / 51 Read more »

Invitation for Marketing Partners: Scale the Crypto Economy with Us! | Binance SupportFellow Binancians, We are looking for business and marketing partners outside of the crypto sphere to collaborate on innovative, strategic and marketing partnerships to promote fiat-to-crypto adopt... Great tracking app dexfolioapp 💵 📱Intelligent automatic alerts 📱Profit & Loss analysis 📱Scam tokens detection 📱Multi wallet & Multi chain 📱Clean UI/UX You can find in AppStore and PlayStore dexfolio💫 $DEXF Zombie World Z-Only a few more days until the list of top 5 CEX exchanges in the world.This is the leading gamefi project in applying VR technology to the metaverse on the BSC platform. Winning big funds such as: SPARK, ZBS, X21, TITAN, Morningstar…. Zombieworldz
Source: binance - 🏆 561. / 51 Read more »

Indonesia's Regulator Warns Financial Firms Against Offering Crypto Sales: ReportIndonesia's financial services regulator has warned that financial firms are prohibited from offering or facilitating the sale of crypto. By JamieCrawleyCD
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin price climbs back above $37,000Bitcoin was trading higher Wednesday morning, helping to lead a stabilization in the crypto market. Stay away from bitcoin and crypto. It is unregulated and filled with fraud. Risk is not a good investment
Source: FoxBusiness - 🏆 458. / 53 Read more »