Signals of investor activity Polygon (MATIC) price has returned

Polygon (MATIC) is one of the few altcoins that is seeing a quick recovery supported by its investors.

Altcoin may soon be on its way to recover the lost gains of early April.

Multilateral investors are optimistic.

MATIC's price is rising on the daily chart, and Polygon investors see the potential for this rebound. Acting accordingly, the network has been noticing low sales over the past few days.

This sentiment is still being extended at the time of writing. When dividing active addresses by profitability, it can be noted that investors in profit represent only 6% of the total. This means that those who look at benefits do not choose to sell, making HODLing a dominant emotion.

This is critical to supporting recovery, as selling only hinders price growth.

Read more: How to buy Polygon (MATIC) and everything you need to know

Additional recoveries are traders in the futures market. These investors are making aggressive bets on MATIC prices, reflecting optimism and confidence. This is evident from the negative funding rate for the past few days.

The funding rate represents the payment between long- and short-term contract holders to maintain price balance. Usually, a negative rate represents the dominance of short contracts, while a positive rate indicates that long contracts are preferred.

As MATIC's funding rate has increased from negative to positive, it is a sign that the altcoin will soon witness growth.

MATIC Price Prediction: This throw is important.

At $0.72 at the time of writing, MATIC's price is above critical support at $0.72. This level has been successfully tested as support many times in the past and has generally been elevated.

Therefore, once this level solidifies as support, MATIC's price may attempt to rise to $0.81. This breach could recover about half of the losses seen earlier this month.

Read More: Polygon (MATIC) Price Forecast 2024/2025/2030

However, if $0.72 is lost as support, the price of MATIC could drop to $0.65, which could invalidate the bullish thesis, which could drop to $0.60 or below.