MATIC’s price loses its $1 support as the price trades to a region of $0.8.
MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.
MATIC’s price remains weak across all timeframes as the price trades slightly below the 50 and 200 Exponential Moving Averages (EMA).
In the last two days, the crypto market has been erratic with the price of many altcoins, including Polygon (MATIC), battling for survival. Previous weeks saw the price of Polygon (MATIC) outperform Bitcoin (BTC). Most altcoins trend higher as many produced gains of over 200%, including Polygon (MATIC) rallying from a region of $1.3, with many hoping the price of MATIC would pull off a good price action to a region of $1.5. Still, these expectations were cut short by the uncertainty surrounding the crypto market. (Data from Binance)
Polygon (MATIC) Price Analysis On The Weekly Chart
The previous week saw many altcoins produced over 200%
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