Polygon (MATICUSDT) price slipped slightly in its latest intraday trading, under the control of a short-term corrective bearish wave, with ongoing negative pressure from trading below the 50-day simple moving average. This comes alongside the formation of a bearish divergence on the RSI after reaching heavily overbought levels, exaggerated compared to the price movement, with bearish signals emerging, all of which reinforce the chances of continued decline.
Therefore, we expect the cryptocurrency to fall in upcoming intraday trading, as long as resistance holds at 0.239, targeting the key support level of 0.191.
Today’s price forecast: Bearish.
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