**📉 92% of MATIC Addresses Are ‘Out of the Money’ – What Does This Mean? 📉**
**Current Market Situation:**
- **MATIC at a Nine-Month Low:** Polygon’s native token, MATIC, has hit a nine-month low, causing concerns among investors and traders.
- **Bearish Momentum:** The MACD line is just below the Signal line, indicating bearish momentum. However, a bullish crossover may be imminent.
- **Price Below MAs:** MATIC is below both the 50 and 200-period moving averages, signaling a short-term bearish trend.
**Key Indicators:**
- **MACD Crossover:** The proximity of the MACD and Signal lines suggests a potential bullish reversal.
- **Consolidation:** The price consolidation, along with the MACD bullish crossover, indicates buyers might be gaining strength.
**Market Bears Still Around:**
- **Out of the Money:** 92.91% of MATIC addresses hold tokens worth less than their purchase price. Only 5.22% are "in the money."
- **Exchange Inflows:** Recent spikes in inflow volumes across exchanges suggest selling pressure, but inflows have stabilized, indicating subsiding immediate selling pressure.
- **Outflows Steady:** Outflows have remained steady, meaning selling pressure hasn’t significantly increased.
- **NVT Ratio:** The NVT ratio shows fluctuations but is trending south, indicating increased transaction volume or decreased network value—a potentially bullish sign if sustained.
**Whale Activity:**
- **Declining Whale Transactions:** Reduced activity from major investors means less speculative trading and lower short-term volatility.
**What’s Needed for a Bullish Reversal:**
- **Massive Bullish Trigger:** For a bullish reversal to gain traction, a significant positive event related to the network or broader economic trends is needed.
**Stay Updated:**
- **Follow Market Trends:** Keep an eye on market trends and key indicators for signs of a potential bullish reversal.
**Stay informed and be ready for market movements!**
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