🔹 Analysis of Polygon (MATIC) 🔹
The Polygon network is one of the most prominent second-layer projects on the Ethereum network, aiming to accelerate transactions and reduce gas fees. The project is technically strong and has the support of major developers.
🔸 Current Technical Situation:
The currency is moving within a descending wedge pattern that may indicate a near reversal if it breaks the resistance at $0.35.
The main support is around $0.20.
🔸 Technical Indicators:
RSI indicates an oversold condition, which may support a near-term rebound.
MACD is still below the signal line, so we need confirmation of an upward movement before entering.
🔸 Expected Scenario:
If it breaks $0.35 with a strong close, the initial target can be $0.43.
However, breaking the support at $0.20 confirms the continuation of the downward trend.
📊 Summary:
The currency is at a critical stage — a potential speculative opportunity upon breaking the resistance, but risk management is essential.
📍 Technical Analysis – Not a recommendation to buy or sell
