Polygon (MATIC) price has broken above a falling wedge pattern, indicating a shift in market structure from bearish to bullish.
MATIC sets for a rally as Polygon Foundation confirms the migration date Polygon price has broken above a falling wedge pattern, indicating a shift in market structure from bearish to bullish. The Polygon Foundation officially announced on Thursday that September 4 is the migration date for MATIC to POL. On-chain data reveals a significant increase in daily active addresses, the highest recorded this year, signaling a forthcoming bullish momentum.
79 billion are expiring on Friday, per Deribit data. Market-moving events from the week include a $230 million hack on the Indian exchange WazirX, Fantom Foundation’s collaboration with Alchemy, Manta Network and BONK’s reward opportunities for traders, among other updates. No rush in crypto The crypto market cap fell 1% in 24 hours to $2.36 trillion, in line with the US market's losses during that time.
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