The top two NFT projects on the blockchain announced on Christmas Day that they planned on expanding their ecosystem to Polygon, shocking the Solana NFT community in the process. In a tweet that included the video announcement, company founder Frank DeGods stated, “It’s just the beginning.”
The associated cryptocurrency $DUST is also migrating to Ethereum and Polygon in the first quarter of 2023. According to the statement, y00ts is also branching out into Polygon.
Key MATIC Coin Levels To Watch: December 26
As the market trend line failed to hold early this month, pricing showed a pause in positive price activity. The market rejected the $0.7600 support level during the most recent downturn, signaling a price reversal.
The market is anticipated to fill the Fair Value Gap entirely and eventually try to break through the $0.9700 resistance level. The market drop is anticipated to resume if the $0.9700 barrier level holds.
The Relative Strength Index shows that price has moved out of an oversold area, which supports short-term bullishness. The Relative Strength Index is expected to be over 60.0, or the overbought region, upon reaching the $0.9700 level, which will imply a high likelihood the level will hold.
Polygon key levels
Resistance level – $0.9700 $1.1500 $1.3000
Support level – $0.7600 $0.6900 $0.6100
Total Market Capitalization: $811.46B
Polygon Market Capitalization: $8.03B
Polygon Volume: $0.12M
Market rank: 10
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