MATIC Faces Steep Decline as Polygon Bears Target $1 Mark
Matic price declined heavily below the $1.30 Polygon bears aim for $1 or lower.
MATIC price started a fresh decline from above the $1.30 resistance level. currently, MATIC is trading below $1.20 and the 100 simple moving average.
There is a major bearish trend line forming with resistance near $1.15 on the 4 hours graph of the MATIC/USD pair. the pair could continue to slide below the $1.10 level.
MATIC price is currently trading near the $1.13 level there is also a major bearish trend line forming with resistance near $1.15 on the 4 hours graph of the MATIC/USD pair the trend line is near the 23.6% FIB retracement level.
The first major resistance is forming near the $1.20 zone close to the 50% FIB level of the downside from the $1,2996 high to the $1.092 low.
The live Polygon price today is $1.12 USD with a 24-hour trading volume of $305,874,275 USD. Polygon is down 1.34% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $9,814,896,763 USD. It has a circulating supply of 8,734,317,475 MATIC coins and a max. supply of 10,000,000,000 MATIC coins.
Polygon Price statistics the MATIC price change in 24 hours is -$0.02012 of 1.76% and 24 hour low is $1.12 and 24 hours high is $1.15 with 0.96% Market Dominance
If there is an upside break above the $1.20 resistance level the price could start another strong increase. if MATIC fails to rise above $1.15 it could continue to decrease near the $1.10 level.