MATIC price rose closer to the $0.60 mark on Monday following the news of Google Cloud becoming a node validator on the Polygon network. Recent data insights suggest that whale investors have been actively trading since the news of the partnership was announced. There have been a number of large transactions on the Polygon network, which is a bullish signal as it indicates an increase in market liquidity. Furthermore, the derivatives markets have seen an influx of capital inflows, leading to a peak in aggregate MATIC open interest. However, if MATIC loses the initial resistance at the $0.70 mark, there may be a significant drop below $0.50. If the whales continue to buy MATIC, it could potentially surpass the $0.80 mark.



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