Polygon (MATIC) price has been struggling since the crypto market meltdown on May 5. Its price dropped below $0.90 for the first time since January, but Sotheby's recent global NFT product launch appears to be rekindling investor interest in the network. This has shown in Network Growth records on the Polygon blockchain, with a rise of 51% from 419 to 633 new wallet addresses between May 6 and May 10. Demand has also apparently increased, with aggregate order books of exchanges exhibiting an excess of buy orders and the current market supply of MATIC coins. This could validate a bullish MATIC price prediction and push the coin above the $0.92 resistance, and possibly even reach $0.97. However, significant holders who have previously paid an average price of $0.92, and even more significantly, holders of over 4 billion coins who have done so at an even higher average price of $0.86, could pose a major impediment to these predictions. If, however, the coin sinks below its initial support at $0.83, it could drop further to $0.76 and the bearish trend could be sustained for longer. In any case, the performance of Polygon in the coming days will be crucial to its long-term price prediction.



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