MATIC reached its all-time high in December 2021 but then experienced a significant decline.
The token has been struggling with a descending resistance trendline for over 750 days.
There was a recent failed breakout attempt that resulted in a bearish engulfing candlestick pattern.
MATIC’s price history tells a story of resilience and struggle. After hitting its all-time high in December 2021, MATIC experienced a sharp decline, reaching $0.32 in June 2022. However, since that low point, the price has displayed an upward trajectory.
Despite these positive movements, the cryptocurrency has grappled with the descending resistance trendline that has loomed large for over 750 days. Notably, this trendline has been a formidable barrier, rejecting MATIC’s breakout attempts, including the most recent ones in November and December 2023 (highlighted in red icons).
One significant setback for MATIC was a failed breakout attempt that culminated in a bearish, engulfing candlestick just two weeks
We współpracy z: https://thenewscrypto.com/polygon-matic-faces-critical-resistance-trendline-with-two-possible-scenarios/
