Matic Price Prediction: Is Polygon Heading for a Negative Trend?
MATIC’s price has witnessed a major decline of approximately 10% in the wake of the SEC’s legal action against Kraken, which implicated MATIC as collateral. This downward turn began after MATIC couldn’t surpass the $0.98 resistance against the American dollar, subsequently trading beneath $0.80 and the 100 simple moving average (4 hours). A significant bearish trend line is developing with resistance around $0.788 on the 4-hour graph of the MATIC/USD pair. Should MATIC fail to climb over the $0.800 resistance level, the digital asset might continue to incur losses. Matic price prediction also suggests that if the price doesn’t break the $0.800 resistance level, it may continue to drop further.
