MATICAnalysis

🚨 Polygon (MATIC) Sell-Off Continues – Where's the Bottom? 🚨

📉 MATIC is Still in Downtrend Mode!
Polygon’s price action remains weak, with no confirmed upside reversal in sight. While support levels around $0.186 - $0.17 held temporarily, there’s no impulsive bounce signaling a trend shift.

🔍 Key Levels & Possible Scenarios:
🔹 Support Zone Breakdown: A move below $0.17 could send MATIC to the next major supports at $0.118 and $0.095.
🔹 Critical Resistance: For any bullish outlook, MATIC needs a 5-wave move up and a break above $0.205.
🔹 Bearish Target: If the downtrend continues, the final correction zone could stretch as low as $0.023 - $0.065!

📊 Trend & Sentiment Check:
✅ Overshooting B-wave scenario? Possible, but lacks a strong bullish case.
⚠️ Failed rally attempts indicate a weak trend structure – more downside risk ahead.
💡 If the 100% extension at $0.095 fails, the 138% Fibonacci level at $0.095 is next in sight.

📌 What’s Next for MATIC?
MATIC holders must prepare for further downside risk unless a confirmed impulse move up emerges.
🚀 A break above $0.205 = potential trend shift.
📉 A drop below $0.17 = continuation of the downtrend.

💬 What’s your game plan? Holding, buying, or waiting? Let us know in the comments! 👇

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