The post Polygon Network Activity Surges 23% as MATIC Price Holds Above $0.38 Support appeared on BitcoinEthereumNews.com.

Peter Zhang
Nov 27, 2025 06:08

MATIC trades at $0.38 following a 23% spike in small payment transactions on Polygon network, with over 500,000 operations recorded in November as adoption accelerates.

Quick Take • MATIC trading at $0.38 (down 0.3% in 24h) • Polygon network sees 500K+ small transfers in November, 23% monthly increase • Price testing critical support at $0.35 level • Following broader crypto weakness despite positive network fundamentals Market Events Driving Polygon Price Movement The most significant development for MATIC price this week has been the substantial increase in network activity, with Polygon experiencing a 23% surge in small payment transactions ranging from $10-$100. This growth pattern signals expanding real-world adoption in cryptocurrency payments and crypto card transactions, representing a fundamental shift toward utility-driven demand rather than speculative trading. Despite this positive network development, MATIC price has remained relatively subdued, declining 0.29% in the past 24 hours. This disconnect suggests that while underlying network fundamentals continue strengthening, short-term price action remains influenced by broader cryptocurrency market sentiment and technical positioning. The increase in small-value transactions indicates growing adoption of Polygon as a payment rail, particularly significant given the network’s focus on scaling Ethereum for everyday use cases. This type of organic growth typically provides a more sustainable foundation for long-term price appreciation compared to speculative rallies. MATIC Technical Analysis: Consolidation Phase Price Action Context MATIC price currently trades below all major moving averages, with the 7-day SMA at $0.37 providing immediate support just below current levels. The broader technical picture remains challenging, with the 20-day SMA at $0.43 representing significant overhead resistance. Trading volume on Binance spot market of $1.07 million reflects moderate institutional interest, though well below levels typically seen during major moves. The current price action shows…

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Filed under: News - @ November 27, 2025 11:14 pm