Polygon price prediction: MATIC price is encountering supply pressure around the psychologically significant $0.8300 mark. Over the past week, the coin’s market value has dipped by 14%, with bears exerting downward pressure. The current falling price suggests the possibility of a breakdown below the lower support trendline of a rising wedge pattern, putting MATIC at risk of further correction.
Source, Tradingview
The past few days have seen the Polygon price oscillating between $0.800 and $0.900, as conflicting bearish and bullish sentiments play out. This tug of war has resulted in a narrow trading range, with prices stabilizing both upward and downward. Presently, MATIC is hovering at $0.8336, indicating a potential short-term bearish trend. Despite a recent dip of over 2.5% in the last 48 hours, MATIC has shown overall recovery since its recent low, suggesting a positive outlook for the future.
Analysts’ Positive Outlook on Polygon’s MATIC
Renowned crypto analyst Ali expresses
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