Look at the chart. In the previous market cycle,during all situations-even when #btc dropped to 3K, Matic maintained itself in a specific ranged area. Which took 88 weeks and finally broke out the range area upside with a massive gain.
Now again,it seems to be in the same cycle and i guess it would be the bottom of Matic which can worth at least one step of buying this coin for long-term. I've specified my expectation for Matic on the chart and i guess it will break out the range area in probably early 2023- if takes 88 weeks again to break out the range.
This analysis would be invalid JUST IN CASE the 0.5 support is lost in weekly Time frame.
Good luck,
ElCo
Now again,it seems to be in the same cycle and i guess it would be the bottom of Matic which can worth at least one step of buying this coin for long-term. I've specified my expectation for Matic on the chart and i guess it will break out the range area in probably early 2023- if takes 88 weeks again to break out the range.
This analysis would be invalid JUST IN CASE the 0.5 support is lost in weekly Time frame.
Good luck,
ElCo