{"id":561881,"date":"2023-11-22T04:58:53","date_gmt":"2023-11-22T04:58:53","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=561881"},"modified":"2024-06-11T14:31:23","modified_gmt":"2024-06-11T14:31:23","slug":"matic-price-prediction-polygon-down-0-728","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/matic-price-prediction-polygon-down-0-728\/","title":{"rendered":"MATIC Price Prediction: Polygon Turned Sell On Rallies In Short-Term"},"content":{"rendered":"
MATIC price is down over 10% after the SEC\u2019s lawsuit against Kraken mentioned MATIC as security. Polygon is under pressure and might struggle to recover.<\/em><\/p>\n
\n
MATIC price started a fresh decline from the $0.98 resistance against the US dollar.<\/li>\n
The price is trading below $0.80 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance near $0.788 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to decline if it stays below the $0.800 resistance zone.<\/li>\n<\/ul>\n
Polygon Price Takes Hit<\/h2>\n
After a decent increase, Polygon\u2019s price struggled to clear the $1.00 resistance. MATIC formed a high near $0.9829 and recently started a steady decline, underperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n