MATIC - Updated Long Position

Updated Matic chart and increasing Long positions here.

Professor will revert later on today with reasons why we could expect some more recovery in July.

In the meantime:

Polygon network and its native have been moving towards the green than staying around the red lately. Additionally, trader optimism has been high due to celebrations around 4 July. MATIC, has thus, witnessed a rampant price surge alongside a recovering crypto market.

A day to behold!
The crypto market has been flashing a lot more greens on 5 July as compared to 4 July. Polygon’s MATIC has also been accompanied by the bulls during this period. In fact, MATIC has gone on a 15.5% rebound since 4 July, effectively clearing out the weekly diminishes. After this rebound, MATIC is currently trading at $0.52 and is looking to gain motion in the days to come.

This timely reversal has ensured a degree of positive sentiment among investors now that their beloved currency is gaining ground in the market. Polygon, on the other hand, has been also been showing its versatility in both Web2 and Web3 markets. This pattern has also emerged strongly on the Ethereum network.

Polygon’s latest collaboration with HTC is a clear signal of its versatility. HTC launched its first metaverse phone, “Desire 22 Pro” with applications from its metaverse arm Viverse. The 6.6-inch sized phone has additional support from Polygon and Ethereum.

One Love,

the FXPROFESSOR