Polygon (#MATIC) is down 16% in 3 days; Here are the next support and resistance levels.
Matic was one of the coins that performed very well with a 230% price growth (from $0.3 to $1) in Bitcoin's recovery from $17,000 to $25,000, but the 200-day trend line prevented further growth of this coin.
As the bullish channel couldn't prevent the price from decreasing, after a probable pullback, the price will move towards its closest support at $0.75.
It seems that the price will continue to move in the range for a few more days, then traders will decide how the trend will continue; meanwhile, the RSI support trend line has been broken, which can be a sign of further decline.
However, with the trendline break, the first primary resistance will be the $1 price level. On the opposite side, with the suspension of the $0.75 level, the next support would be the $0.5 level.
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