MATIC fell to its long-term support level on Saturday, following a surge in price during Friday’s session. This came as both RUNE and LUNA also dropped, and traded by as much as 5% lower to start the weekend.
Polygon (MATIC)
During what has been a bearish start to the weekend, MATIC was one of the biggest losers so far in Saturday’s session.
MATIC, which traded at its long-term resistance level of $1.50 on Friday, fell all the way to its support point earlier today.
As of writing, Saturday saw MATIC/USD drop to a bottom of $1.35, which is also its long-term floor, and is now around $0.10 away from a two-month low.
Today’s selloff comes following strong gains on Friday, however bullish momentum eased, as prices ran into the ceiling.
In addition to this price ceiling, the 14-day RSI saw its own resistance reached, as relative strength failed to break above the 45 level.
MATIC has mostly consolidated between $1.35 and $1.50 during the month of April, and as market uncertainty con
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