Polygon reaches level that last time triggered a 275% MATIC price rally — Will history repeat?

2022.05.10 22:21

Polygon reaches level that last time triggered a 275% MATIC price rally — Will history repeat?

Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to $0.99.

The rebound occurred a day after the token slumped over 17% to reach $0.787, its lowest level since July 2021, amid a global market crash led by the U.S. Federal Reserve’s hawkish policies.

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