Polygon
Short

Is MATIC Nearing a Bottom or More Downside Ahead ?

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  • Lower Highs & Lower Lows: The price consistently prints lower highs and lower lows, confirming a bearish structure.
  • The price is moving along the lower band, indicating persistent bearish pressure.
  • The middle band (moving average) is acting as a resistance level.
  • Support: Around $0.20 - $0.21 (current price zone), as it appears to be stabilizing near the lower Bollinger Band.
  • Resistance: Near $0.28 - $0.30 (middle Bollinger Band) and a stronger resistance at $0.35.
  • Volume has been relatively low, suggesting weak buying interest.
  • If $0.20 breaks down, the next strong support might be around $0.15.

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