MATIC Price Drops 0.29% as Polygon Completes Major POL Migration
The post MATIC Price Drops 0.29% as Polygon Completes Major POL Migration appeared on BitcoinEthereumNews.com. Tony Kim Sep 07, 2025 10:55 MATIC trades at $0.38 following successful token migration from MATIC to POL. Technical indicators show bearish momentum despite network upgrade completion. Quick Take • MATIC currently trading at $0.38 (-0.29% in 24h) • Polygon’s RSI at 38 suggests neutral momentum with potential oversold conditions • Major network upgrade completed with migration from MATIC to POL token What’s Driving Polygon Price Today? The most significant development for Polygon this week was the successful completion of its mainnet upgrade on September 4, 2025, transitioning from MATIC to POL as the native gas and staking token for the Polygon PoS network. This technical milestone represents a major evolution in Polygon’s infrastructure, yet the MATIC price has remained relatively stable with minimal immediate market impact. The upgrade to POL token marks a strategic shift for the network, designed to enhance functionality and prepare for future scaling solutions. However, markets have responded with measured caution rather than enthusiasm, as traders assess the long-term implications of this transition. Separately, the launch of the ‘Stand With Crypto’ multi-state advocacy tour beginning in Arizona has provided neutral background support for the broader cryptocurrency ecosystem, though it has not specifically influenced MATIC’s price action. MATIC Technical Analysis: Bearish Signals Emerge The current Polygon technical analysis reveals concerning momentum indicators that suggest potential further downside for MATIC. The most notable signal comes from Polygon’s MACD, which sits at -0.0246 with a histogram reading of -0.0045, confirming bearish momentum for the token. MATIC’s RSI currently reads 38.00, placing it in neutral territory but approaching oversold conditions. This positioning suggests that while selling pressure exists, Polygon may be nearing a potential reversal zone if buying interest emerges. The moving average structure paints a challenging picture for bulls. MATIC…
The post MATIC Price Drops 0.29% as Polygon Completes Major POL Migration appeared on BitcoinEthereumNews.com.
Tony Kim Sep 07, 2025 10:55 MATIC trades at $0.38 following successful token migration from MATIC to POL. Technical indicators show bearish momentum despite network upgrade completion. Quick Take • MATIC currently trading at $0.38 (-0.29% in 24h) • Polygon’s RSI at 38 suggests neutral momentum with potential oversold conditions • Major network upgrade completed with migration from MATIC to POL token What’s Driving Polygon Price Today? The most significant development for Polygon this week was the successful completion of its mainnet upgrade on September 4, 2025, transitioning from MATIC to POL as the native gas and staking token for the Polygon PoS network. This technical milestone represents a major evolution in Polygon’s infrastructure, yet the MATIC price has remained relatively stable with minimal immediate market impact. The upgrade to POL token marks a strategic shift for the network, designed to enhance functionality and prepare for future scaling solutions. However, markets have responded with measured caution rather than enthusiasm, as traders assess the long-term implications of this transition. Separately, the launch of the ‘Stand With Crypto’ multi-state advocacy tour beginning in Arizona has provided neutral background support for the broader cryptocurrency ecosystem, though it has not specifically influenced MATIC’s price action. MATIC Technical Analysis: Bearish Signals Emerge The current Polygon technical analysis reveals concerning momentum indicators that suggest potential further downside for MATIC. The most notable signal comes from Polygon’s MACD, which sits at -0.0246 with a histogram reading of -0.0045, confirming bearish momentum for the token. MATIC’s RSI currently reads 38.00, placing it in neutral territory but approaching oversold conditions. This positioning suggests that while selling pressure exists, Polygon may be nearing a potential reversal zone if buying interest emerges. The moving average structure paints a challenging picture for bulls. MATIC…
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