Polygon (MATIC) Hits 11-Month Low - Coinleaks
Current Date:September 21, 2024

Polygon (MATIC) Hits 11-Month Low

SEC, coinbaseIn his lawsuit report against Polygon ( MATIC) had qualified as securities, after this event, volume sales took place in MATIC.

Recently coinbasestating that he filed a lawsuit against SEC , mentioned many altcoins in this report. Among these altcoins MATIC was located in. MATIC, which was already in a downtrend, took a more serious hit with this move from the SEC. At the same time, MATIC, which lost 26.67 percent in the last 24 hours, became the most falling coin of the day.

Almost 1 Year Bottom Price Tested

MATIC, which came to $ 0.506, last saw this value in July 2022. The popular coin, which has reached its bottom price for about a year, has also posed a danger to the Polygon ecosystem. The biggest factor that triggered this event was the inclusion of MATIC as a security in the SEC’s lawsuit report filed against Coinbase.

In order to observe the rises in MATIC, the resistance levels that must be overcome are 0.75 – 0.87 – 0.94 and $1.02. The failure of the Polygon ecosystem to recover these events or the continuation of the collapse in the altcoin market value may bring MATIC to the levels of $ 0.50 and $ 0.41.

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