Polygon (MATIC) price is trading above the long-term horizontal support area at $0.80. However, the lack of conviction from the price action and the RSI show unclear future movements.
The quick collapse of one of the largest crypto exchanges has impacted significantly on investors’ sentiment. As confidence is shaken, and selling pressure is strong, who are the biggest sellers right now, long-term or short-term Bitcoin holders?
Cryptory.net - Despite its ban on cryptocurrencies, China has unknowingly become a silent crypto whale and can even drag the crypto market down in seconds if it wants to.
Cryptory.net - Genesis Trading and Gemini Earn are the two latest names to announce the suspension of withdrawals due to negative impacts of the FTX crash.