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Over the past seven weeks, the Polygon coin price has witnessed a steady downtrend under the influence of a falling wedge. The two downsloping trendlines of this pattern acted as dynamic resistance and support, leading the MATIC price from $1.29 to $0.588, registering a 54.3% loss. However, the downward momentum stalled at $0.625 support signals the potential for bottom formation amid the Bitcoin halving.
Bitcoin(BTC)$56,704.003.65%
Ethereum(ETH)$2,339.982.08%
Tether(USDT)$1.000.02%
BNB(BNB)$517.352.83%
Solana(SOL)$133.264.13%
USDC(USDC)$1.000.11%
XRP(XRP)$0.541.43%
Lido Staked Ether(STETH)$2,338.252.19%
Dogecoin(DOGE)$0.1034587.38%
Toncoin(TON)$5.267.84%
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Cardano Whale Transactions Explode Hinting At ADA Price Reversal In Short Term
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