Why is Polygon (MATIC) price up today?

Polygon (MATIC) rate is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders evaluate a mix of essential factors.On July 11, the MATIC price rose 2.32% to $0.75, its greatest level in a month– exceeding the crypto market, whose assessment remained fairly unchanged from the previous day at around $1.14 trillion.MATIC/ USD day-to-day price chart versus crypto market capitalization. MATIC whales get biggerMATICs rate rally on July 11 succeeds a period of strong whale accumulation.For circumstances, the supply of MATIC held by entities with balance in between 10 million and 100 million tokens has increased by more than 1% in July so far.Whale supply circulation. Source: TradingViewA pullback from the resistance confluence threats sending out the rate toward the flags lower trendline near $0.68 in July, down about 10% from present rate levels.