Polygon’s $MATIC is currently trading at $0.38 while showing signs of ongoing weakness, reflected in its bearish MACD and oversold status. The price remains below all major moving averages, indicating a lack of significant upward momentum. Analysts note that the absence of major catalysts contributes to this bearish outlook for the cryptocurrency. Market participants are observing the critical support level at $0.38, which could influence future trading behavior if it holds or breaks.
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