Simon Ng The value of Polygon went down really low today, so it’s been going pretty bad in the crypto market. The total worth of all the cryptos has gone down by 1.46%, and Solana dropped too – getting close to its lowest point since January.
Polygon (MATIC)
On Thursday, the price of polygon (MATIC) dropped to its lowest point since January. Since Wednesday, when it was worth $1.11, MATIC/USD has been decreasing and today, reached a low of only $1.04 – the same amount it was worth back on January 26 and below one dollar!
The fourteen-day chart shows that the Relative Strength Index (RSI) also decreased to a long term floor of 35.00.
Right now the stock index is at 36.59 and people think it could go up to 42.00 soon. People who think this have been buying more of an earlier dip, so currently MATIC is trading for $1.07.
Solana (SOL)
Yesterday, the Solana (SOL) token hit a multi-month low and dropped another 15% over the last week. This means that its price of $18.20 is now its weakest since January. The RSI (a technical indicator) has also reached its lowest point since 2023 began.
SOL (whatever it is) has recently gone down in value but after a week, it went back up slightly. If this trend keeps going then people might expect to get back to the $20.00 mark. If people want to know more about what’s happening with SOL, they can sign up for emails that will keep them informed every week. Lastly, if anyone wants to express their thoughts about why SOL has lowered in value, they can leave a comment.
