Biggest Movers: MATIC Slides to 6-Week Low, as SOL Extends Declines

Polygon fell to a six-week low on Tuesday, with sentiment in cryptocurrency markets remaining bearish. The price plunged as consumer confidence in the United States fell by more than expected, coming in at a reading of 101.3 in April. Solana also slipped, hitting a two-week low.

Polygon (MATIC) dropped to a six-week low on Tuesday, as sentiment in cryptocurrency markets remained bearish. MATIC/USD dropped for a third straight session, hitting an intraday low of $0.9633 in the process. The move came less than a day after polygon was trading at a peak of $1.01, with today’s fall sending it to its weakest point since March 10.

Solana (SOL) was another notable mover on Tuesday, as the token moved closer to a floor at $20.00. Following a high of $21.95 to start the week, SOL/USD dropped to a low of $20.92 earlier in today’s session. Today’s slippage sent solana to its lowest level since April 11, when price fell to a bottom at $20.83.

(by Eliman Dambell)

Polygon $0.68

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