$MATIC support
Polygon’s $MATIC is currently trading at $0.38, reflecting a minor daily decrease of 0.3%, as it approaches critical support at $0.35. The upcoming October proof-of-stake (POS) upgrade is expected to enhance transaction capabilities by enabling 5,000 transactions per second (TPS). However, this potential advancement finds the $MATIC price under substantial technical pressure at crucial support levels. Market sentiment remains mixed, indicating uncertainty among investors regarding the effects of the upgrade. The balance between anticipated improvements and immediate market behavior is shaping trading strategies around $MATIC.
