Polygon (MATIC) is facing a potential decline in price as whales begin selling off their holdings. This has led to a decrease in investor confidence and an increase in realized losses for MATIC holders. The selling sentiment is evident in the movement of whale investors, who have sold a significant amount of MATIC to exchanges. As these whales continue to sell, the price of MATIC could drop further, potentially reaching a support level of $0.50. However, if the price bounces off this support level, it could regain momentum and rise to $0.60. Overall, the market conditions suggest a bearish outlook for MATIC in the short term.
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Polygon (MATIC) Price at Risk as Whales Start Selling
