š MATIC 24-Hour Forecast: Rebound Expected
Polygon (MATIC) is currently trading around $0.240. After a recent price drop, the charts are showing signs of a possible short-term recovery.
š» The price fell sharply after reaching $0.45 last week, but it has now entered a strong support zone between $0.22 and $0.24. At the same time, the RSI indicator is showing that MATIC is deeply oversold, meaning the selling may be slowing down.
š Big wallet holders, known as whales, have quietly added over 50 million MATIC in the past week. This is often seen as a signal that smart money is expecting the price to move up from here.
š On the chart, we are seeing early signs of a bounce forming, especially with the MACD line crossing in a positive direction. MATIC is expected to climb back toward $0.27 within the next 24 hours if current levels hold.
š„ Watch for a breakout above $0.26ā$0.27 to confirm this move. If that happens, we could see the price aim toward $0.30 again. Right now, all indicators are pointing to a short-term increase.