Tafola Unstakes 50.27M MATIC, Faaliliuina le afa i le Binance: Lookonchain

Based on the data from maketi crypto tracking website CoinMarketCap, MATIC is one of the many cryptos trading in the red today. MATIC is currently worth about $1.05 after a 6.55% drop in price over the last 24 hours. The altcoin reached a high of $1.071 and a low of $1.035 over the same time period.

E pei ona vaaia i le siata i luga, Ole tau ole MATIC has been falling ever since its Death Cross on the 22 Feb. The current price is now positioned bearishly below the 50-day and 200-day Moving Average (MA). The Relative Strength Index (RSI) is currently at a level of 38.03, indicating that the bearish momentum is still strong and could cause further downside pressure in the upcoming days.

MATIC also weakened against Bitcoin (BTC) by about 4.52% over the last day, and against ETH by about 4.83%. Despite MATIC experiencing a price drop since yesterday, the crypto has managed to make a slight recovery in the past few hours.

MATIC’s 24-hour trading volume is in the green zone and now stands at $597,671,580 after a 19.08% increase since yesterday. In terms of market cap, MATIC stands at $1,032,591,161, which makes it the 9th biggest cryptocurrency in terms of market capitalization. This places it right behind DOGE in the 8th position.

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