Biggest Movers: MATIC Slides to 1-Year Low as LINK Rebounds Following Losses

Biggest Movers: MATIC Slides to 1-Year Low as LINK Rebounds Following Losses


MATIC fell to a one-year low on Wednesday, as crypto markets continue to crash this week. The decline sees MATIC almost 10% lower, and comes as LINK rebounded on Wednesday, hitting a four-day high in the process.

Polygon (MATIC)

MATIC was a notable mover on hump-day, as prices of the world’s 20th-largest cryptocurrency fell by almost 10%.

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Following a peak of $0.4331 on Tuesday, MATIC/USD slipped to a low of $0.3658 earlier in today’s session.

Wednesday’s move saw prices drop for a sixth consecutive day, hitting their lowest point since May 2021 in the process.

Overall, prices are down by over 35% in the last seven days, with the 14-day RSI also tracking at a one-month low.

As of writing, the Relative Strength Index is

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