Polygon (MATIC) Struggles to Break Resistance, Faces Strong Bearish Sentiment

Polygon [MATIC] was facing strong resistance at press time, with bearish sentiment winning over the market bulls. Over the last 30 days, Polygon's price has struggled to stay above $0.75, experiencing a downtrend that has seen its value drop to $0.61 at press time.

Polygon (MATIC) price analysis reveals a bearish trend with resistance at key levels.

Despite attempts to break through resistance, bearish sentiment prevailed, causing sharp reversals.

On the downside, support is seen at $0.57 and $0.61, preventing further declines.

The RSI indicates a balance between buying and selling pressures, while the Ichimoku cloud suggests a bearish outlook.

The MACD line lacks strong momentum, and double-top formations are observed throughout the past 30 days.

Moreover, derivatives trading volume has declined significantly by 53.14%.

News source：https://www.kdj.com/cryptocurrencies-news/articles/polygon-matic-struggles-break-resistance-strong-bearish-sentiment.html

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