MATIC Holds at $0.38 as Most Moving Averages Stay Above Price

Polygon’s MATIC token held at $0.38 in a Binance spot market snapshot published at 4:04 a.m. ET (08:04 UTC) Oct. 12, 2026, while most tracked moving averages remained above its price.

MATIC was down 0.29% over 24 hours. Its session high and low were both $0.38, and spot volume for the period was $1,074,371.

The seven-day simple moving average was $0.37, the only listed average below spot. The 20-day and 50-day simple moving averages were $0.43 and $0.45, while the 200-day average was $0.69. The 12-day exponential moving average was $0.39, and the 26-day exponential moving average was $0.42.

Momentum indicators were subdued. The 14-period daily relative strength index was 38.00. The moving average convergence-divergence line and signal line were both -0.0246, leaving the histogram effectively at zero. Stochastic %K was 25.19, compared with %D at 20.15.

The daily average true range was $0.02, equivalent to about 5.3% of the quoted price. Bollinger Bands ranged from $0.31 at the lower end to $0.56 at the upper end, with a midpoint of $0.43 and %B at 0.2879.

Binance perpetual-futures funding over eight hours was 0.0100% and was characterized as neutral. No specific catalyst was identified, while derivatives positioning offered no clear directional signal.

The reported technical resistance area was $0.42 to $0.45. A move below $0.38 would place $0.31 at the next downside reference.

Polygon’s Sept. 4, 2024, migration changed MATIC to POL, which became Polygon PoS’s native gas and staking token. MATIC can still refer to legacy or exchange-listed market instruments.