#MATIC has decreased by more than 50% from the price ceiling it recorded in 2024.
The price has now reached the demand zone of $0.4930 - $0.5190 and the downtrend remains strong on the daily time frame.
Historical data shows that #MATIC tends to return to the top after reaching this strong support level, but according to the current market trend, we cannot expect a quick return for now.
If the daily candle closes below the support zone, the bearish scenario will continue and the decline will be deeper
The price has now reached the demand zone of $0.4930 - $0.5190 and the downtrend remains strong on the daily time frame.
Historical data shows that #MATIC tends to return to the top after reaching this strong support level, but according to the current market trend, we cannot expect a quick return for now.
If the daily candle closes below the support zone, the bearish scenario will continue and the decline will be deeper