$MATIC support
Polygon ($MATIC) is currently testing the critical support level of $0.38 as bearish momentum builds, influenced by MACD signals indicating a downward trend. Despite showing signs of being technically oversold, the cryptocurrency faces challenges due to its correlation with Bitcoin, impacting short-term price movements. This correlation may hinder any potential bounce in price, despite oversold technical conditions suggesting a possible recovery. Investors are closely monitoring the situation as they navigate the complexities of price action in the current market environment.
