The post MATIC Price Holds Steady at $0.38 Despite Polygon’s Major POL Migration Milestone appeared on BitcoinEthereumNews.com.

Ted Hisokawa
Sep 14, 2025 09:49

Polygon (MATIC) trades at $0.38 with minimal volatility following successful mainnet upgrade, while technical indicators suggest continued weakness below key resistance.

Quick Take • MATIC currently trading at $0.38 (-0.29% in 24h) • Polygon’s RSI at 38 indicates neutral momentum with bearish undertones • Major POL migration completed but had minimal immediate price impact What’s Driving Polygon Price Today? Polygon’s successful completion of its mainnet upgrade this week represents a significant technical milestone for the network. The migration from MATIC to POL as the native gas and staking token for the Polygon PoS network was executed smoothly, demonstrating the protocol’s technical capabilities and commitment to innovation. However, the MATIC price response has been notably muted. Despite this major infrastructure upgrade, MATIC has remained largely stable around $0.38, with only a slight 0.29% decline over the past 24 hours. This neutral market reaction suggests that traders may have already priced in the migration or are waiting for clearer signals about the upgrade’s long-term benefits. The relatively low trading volume of $1,074,371 on Binance spot market indicates limited conviction from both buyers and sellers, creating a consolidation pattern that could persist until the next major catalyst emerges. MATIC Technical Analysis: Bearish Signals Emerge Polygon technical analysis reveals concerning momentum indicators that suggest continued weakness in the near term. MATIC’s RSI at 38 sits in neutral territory but leans toward oversold conditions, indicating selling pressure has dominated recent trading sessions. The MACD configuration presents a particularly bearish picture for Polygon. With the MACD line at -0.0246 and the signal line at -0.0202, the negative histogram of -0.0045 confirms that bearish momentum continues to build. This technical setup typically precedes further downside movement unless a significant catalyst emerges. Polygon’s moving…

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Filed under: News - @ September 14, 2025 11:29 am