Matic bounces on Coinbase news again

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Garry Kabankin
Aug 13, 2019

Matic had a nice secondary social volume spike on Monday.

It perfectly correlates with recent lower high:

Price action during that day: +20% in USD

Looking at the news background there are still some aftertones reflected after Coinbase potential listing announcement, which gave MATIC almost +90% a few days ago.

Top token holders slowly offloaded their MATIC bags since then:


Summing up, looks like there is no much fuel observed for MATIC to keep upwards momentum at this day. Until further events.

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Garry Kabankin
Aug 13, 2019

Thanks for reading!

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