Previous article MATIC dips by 2% today despite Polygon’s partnership with CV Labs Next article Worlds First Bitcoin ICO Presale Ends 15th March Buy Now Buy Now Worlds First Bitcoin ICO Presale Ends 15th March Buy Now Buy Now Home Latest Cryptocurrency News MATIC dips by 2% today despite Polygon’s partnership with CV Labs MATIC dips by 2% today despite Polygon’s partnership with CV Labs By Hassan Maishera - min read 22 November 2022 Polygon has signed a strategic partnership that would see it help with blockchain development in Africa. MATIC, the native coin of the Polygon ecosystem, is down by roughly 2% in the last 24 hours. At press time, the price of Polygon stands at $0.7919, down by more than 15% over the past seven days. MATIC’s poor performance comes despite Polygon announcing a strategic partnership with CV Labs. Africa is ready for a technological revolution 🚀🚀@CV_Labs partners with #Polygon to support the development of blockchain technology on the African continent. 🤝 👉 https://t.co/oHuXG9D8Cl pic.twitter.com/YYAgdil4iV — Polygon – MATIC 💜 (@0xPolygon) November 21, 2022 The partnership is set to help expand Polygon’s reach and contribute to a more digitally robust and inclusive future for Africa. Polygon would be tasked with helping African startups gain access to resources and funding. Thus, enabling the startups to scale their businesses and create jobs. The broader crypto market is also underperforming at the moment. The total crypto market cap stands around $780 billion, down by 2% so far today. Bitcoin, the world’s leading cryptocurrency, is also down by nearly 2% over the last 24 hours. The Bitcoin price has declined below the $16k level for the first time this year and is now trading at $15,734 per coin. Key levels to watch The MATIC/USD 4-hour chart is bearish, as Polygon has been underperforming over the past few days. The technical indicators show that MATIC is performing better than the broader market. MATIC/USD Chart By TradingView The 14-day RSI of 36 shows that MATIC could enter the oversold region soon if the bears continue to control the market. The MACD line dropped into the negative zone a week ago and has remained there. If the bearish trend continues, MATIC could dip below the first major support level at 0.7427 before the end of the day. In the event of an extended poor performance from the broader market, MATIC could drop below the $0.700 support level for the first time in months. Where to buy Polygon now Plus500 Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14) Buy MATIC with Plus500 today 82% of retail CFD accounts lose money. eToro eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users. Open Account Share this article Categories Analysis Tags Polygon