Polygon (MATIC) Enters Favorable Buy Zone, Setting the Stage for Potential 112% and 87% Surges

Polygon 30-Day MVRV Ratio Is Significantly Negative Currently

On-chain data shows Polygon (MATIC) is currently inside the same buy zone that earlier led to rallies of around 112% and 87% for the asset.

MATIC Price

Polygon has registered a 3% surge in the past day, with its price now floating above $0.93. Given the timing, it’s possible the MVRV ratio buy signal may already be in effect.