{"id":399826,"date":"2024-06-16T15:30:20","date_gmt":"2024-06-16T10:00:20","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=399826"},"modified":"2024-06-16T10:48:33","modified_gmt":"2024-06-16T05:18:33","slug":"polygon-why-its-not-the-right-time-to-buy-matic","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/polygon-why-its-not-the-right-time-to-buy-matic\/","title":{"rendered":"Polygon: Why it&#8217;s not the right time to buy MATIC"},"content":{"rendered":"<ul>\n<li><em>Despite being close to the opportunity zone, MATIC might struggle to bounce.<\/em><\/li>\n<li><em>The token seems to have fallen into the bear phase, indicating that the price might go lower.<\/em><\/li>\n<\/ul>\n<p>If you ask many traders, they would most likely tell you that <a href=\"https:\/\/ambcrypto.com\/category\/polygon-news\/\" target=\"_blank\" rel=\"noopener\">Polygon&#8217;s [MATIC]<\/a> 43.28% fall should have provided a solid buying opportunity. But AMBCrypto found that activating the buy button at press time could be risky.<\/p>\n<p>However, this assertion was not without concrete evidence. As of this writing, MATIC&#8217;s price was $0.60. The last time the token hit or surpassed $1 was in March.<\/p>\n<h2>MATIC is on the line<\/h2>\n<p>Leading this bias was Polygon&#8217;s Sharpe Ratio. The Sharpe Ratio determines if the possible gains when compared to the risk are at a good level.<\/p>\n<p>A positive reading of the ratio suggest that the risk-to-reward ratio could be worth it. However, for MATIC, the Sharpe Ratio was -2.16.<\/p>\n<p>This means that the risk of buying MATIC at $0.60 might <a href=\"https:\/\/ambcrypto.com\/matic-struggles-to-break-free-from-market-lows-what-now\/\" target=\"_blank\" rel=\"noopener\">not be worth the reward<\/a> the cryptocurrency might occur in the short term.<\/p>\n<figure id=\"attachment_399830\" aria-describedby=\"caption-attachment-399830\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-potential.png\"><img decoding=\"async\" class=\"size-full wp-image-399830\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-potential.png\" alt=\"Polygon (MATIC) bearish potential\" width=\"2560\" height=\"1331\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-potential.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-potential-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-potential-1024x532.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-potential-768x399.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-potential-1536x798.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-potential-2048x1065.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-potential-1200x624.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-399830\" class=\"wp-caption-text\">Source: Messari<\/figcaption><\/figure>\n<p>As such, it could be better to wait for a lower price before accumulating. However, it is also important to check the Market Value to Realized Value (MVRV) ratio.<\/p>\n<p>The MVRV ratio can be used to spot opportunity (buying) and danger (selling) zone using the profitability holders have in the market.<\/p>\n<p>Historically, MVRV ratios between -14% and -28% have <a href=\"https:\/\/app.santiment.net\/charts\/_sdqIcQv__sCl\" target=\"_blank\" rel=\"noopener\">proven<\/a> to be a good accumulation position before a price increase.<\/p>\n<p>For example, in October 2023 when the price of ratio was -17.60%, Polygon&#8217;s price jumped from 0.51 to 0.94 in November.<\/p>\n<p>A similar scenario happened in January as the token went from $0.73 to $1.27 in less than three months.<\/p>\n<figure id=\"attachment_399843\" aria-describedby=\"caption-attachment-399843\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-399843\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-buy.png\" alt=\"MATIC is not yet at the buying zone\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-buy.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-buy-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-buy-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-buy-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-buy-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-buy-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-buy-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><figcaption id=\"caption-attachment-399843\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h2>Are bears now in control?<\/h2>\n<p>Looking at MATIC&#8217;s current stance, the price has the <a href=\"https:\/\/ambcrypto.com\/polygon-waiting-for-matics-bullish-break-out-key-insights-here\/\" target=\"_blank\" rel=\"noopener\">potential to rise<\/a>. However, before that happens, the value of the token might fall to $0.57.<\/p>\n<p>Furthermore, AMBCrypto looked at the MVRV Long\/Short Difference. With this metric, traders can tell if a cryptocurrency has fallen into a bear phase or is in a bull stage.<\/p>\n<p>A reading below 0 implies that a token is down to the <a href=\"https:\/\/app.santiment.net\/charts\/k8YAKvtE__sCl\" target=\"_blank\" rel=\"noopener\">bearish region<\/a>. Meanwhile, if the Long\/Short Difference is above 1, it means that the cryptocurrency is in thriving in the bull market.<\/p>\n<p>For Polygon&#8217;s native token, the metric was -13.37%. This means that bulls have not had a say in the price movement for some time. Should this continue, the value of the token might continue to decrease.<\/p>\n<figure id=\"attachment_399851\" aria-describedby=\"caption-attachment-399851\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-bearish.png\"><img decoding=\"async\" class=\"size-full wp-image-399851\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-bearish.png\" alt=\"MATIC price has become bearish\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-bearish.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-bearish-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-bearish-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-bearish-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-bearish-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-bearish-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/polygon-matic-bearish-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-399851\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\">MATIC Profit Calculator<\/a><\/p>\n<hr \/>\n<p>However, a rise in buying pressure could save the day for the MATIC. In the meantime, the total supply of MATIC in profit had dropped from a peak of 8.45 billion to 2.45 billion.<\/p>\n<p>This means that there were a lot of participants holding the token at an unrealized loss. Whether these holders would survive the underwater spot depend on MATIC&#8217;s price performance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon&#8217;s position in the market may be up for grabs as indicators suggest that the downturn may continue.<\/p>\n","protected":false},"author":72,"featured_media":399856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,6382,4,20],"tags":[],"class_list":["post-399826","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-polygon-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Polygon: Why it&#039;s not the right time to buy MATIC - 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