• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, September 5, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Polygon (MATIC) Open Interest Drops to Bear Market Levels: What’s Next

Jordan Avery by Jordan Avery
August 12, 2024
in News
Reading Time: 2 mins read
0
matic-POLYGON-blockchain 1
Share on TwitterShare on Facebook

Polygon (MATIC) price has fallen 17% over the past 30 days , and the asset’s current performance leaves much to be desired. Let’s find out whether MATIC still has a chance of recovery.

Investors are losing interest in Polygon

According to analytics platform Santiment, Polygon’s outlook remains bleak. One of the reasons is open interest (OI), which is the value of all outstanding contracts on the market.
At the time of publication, it is only $38.85 million – the last time such values ​​were seen was in June 2022 during the bear market.

Polygon (MATIC) Open Interest Drops to Bear Market Levels: What's Next
Polygon’s Open Interest. Source: Santiment

However, If the trend continues, MATIC will face even greater losses. At press time, the altcoin is trading at $0.42, down 85.51% from its all-time high. While these situations typically represent a good buying opportunity, investors are hesitant to accumulate MATIC.
However, according to IntoTheBlock, the number of holders who have held the coin for between 30 days and 12 months has dropped significantly. Short-term holders have also started to dump their tokens.

Polygon addresses by retention time. Source: IntoTheBlock
Polygon addresses by retention time. Source: IntoTheBlock

This means that market participants are skeptical about the potential for Polygon’s price recovery.

MATIC Price Forecast: New Decline on the Horizon

The daily chart of MATIC/USD shows that bulls have managed to recover some of their recent losses. However, the token faces serious challenges as its price remains below the important support at $0.46. Additionally, the Teapot Money Flow (CMF) index, used to differentiate between accumulation and distribution periods, has fallen to -0.12, hinting at sellers’ supremacy.

Polygon Daily Analysis. Source: TradingView
Polygon Daily Analysis. Source: TradingView

The Relative Strength Index (RSI), in turn, is still below the neutral level, indicating that the bearish trend will continue.
If the situation does not change, MATIC could fall to $0.40. However, an increase in bullish sentiment in the broader market will give the altcoin a chance to recover to $0.50.

Tags: Bear marketcrypto analysisMATICPolygonprice forecast
Previous Post

Donald Trump Jr to Launch DeFi Platform to Fight Banks

Next Post

Solana (SOL) DEX Trading Volume Decline: What’s the Connection with Memecoins?

Related Posts

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?
News

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Ethereum whales dump $1.8B – but could retail flip the script?
News

Ethereum whales dump $1.8B – but could retail flip the script?

August 31, 2025
Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?
News

Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?

August 30, 2025
Ethereum $5K Squeeze? Whales and Traders Smell Opportunity
News

Ethereum $5K Squeeze? Whales and Traders Smell Opportunity

August 30, 2025
Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming
Featured

Investors Drop Lawsuit Against Strategy Over Bitcoin Risks

August 29, 2025

Press Releases

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

by Jordan Avery
September 2, 2025

Bitcoin recently slid 12.8% from its all-time high, but before the bears start celebrating, context matters. Pullbacks in the range...

Read more
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier