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Polygon Dollar (MATICUSDT) tests a descending corrective trendline – Analysis – 08-05-2025 $POL

The price of Polygon (MATICUSDT) has risen in its recent instant trades, reaching a test of a descending corrective trendline in the short term, coinciding with its collision with the resistance of its simple moving average for the 50 period. What amplifies the strength of this area as a pivotal resistance against the price is the arrival of the relative strength indicators to areas of extreme overbought conditions, excessively compared to the price movement, suggesting the beginning of a negative divergence.

In light of this, our expectations indicate a decline in the price of the currency during its upcoming trades, as long as the resistance level of $0.24 holds, targeting the support level of $0.22.

Expected trend for upcoming trades: Downward