Short
Polygon MATIC could fall to $0.94-$0.69
BINANCE:MATICUSDT
For Polygon, there seems to be a tight trading range where bears are selling on relief rallies while bulls are attempting to defend support at $0.94. However, the down-sloping 20-day EMA and negative RSI indicate that the path of least resistance is downwards.
If bears push the price below $0.94, it could drop to $0.69. On the other hand, if the price breaks above the 20-day EMA, it may indicate a stronger recovery and a potential rise towards the resistance line.
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For Polygon, there seems to be a tight trading range where bears are selling on relief rallies while bulls are attempting to defend support at $0.94. However, the down-sloping 20-day EMA and negative RSI indicate that the path of least resistance is downwards.
If bears push the price below $0.94, it could drop to $0.69. On the other hand, if the price breaks above the 20-day EMA, it may indicate a stronger recovery and a potential rise towards the resistance line.
Let me know what you think!
Follow me for more TA!
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