MATIC/USDT 1DAY UPDATE BY @CRYPTOSANDERS

Hello, welcome to this MATIC/USDT 1DAY chart update by CRYPTO SANDERS.

I have tried to bring the best possible outcome to this chart.

CHART ANALYSIS:-Polygon (MATIC) was another notable token to fall today, with prices also moving lower for a third straight day.

Following a high of $0.891 on Thursday, MATIC/USD dropped to a bottom of $0.8483 earlier in the day.

As a result of this drop, the polygon moved to its lowest point since November 30, when prices hit a bottom of $0.837

MATIC has since rebounded from earlier lows and is currently trading at $0.8569, which is still nearly 4% lower than Thursday’s floor.

This slight rebound comes as the RSI rejected a breakout of a point of support at the 43.00 level, and the index is currently at the 44.26 mark.

Historically, bulls have used this floor as a point of reentry, and should this reoccur, then we could see MATIC move back toward the $0.90 level.

This is not a piece of financial advice.
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