Polygon (MATIC)
Polygon has been a strong performer in a volatile market, trading between $0.52 and $0.57. Despite a slight decline in recent days, down 6.27% this week and 37.52% in the past six months, there is still hope for the upside. The current resistance level is $0.60, while the support level is $0.48.
Technical indicators such as the relative strength index (RSI) show 36.54, approaching oversold conditions, which indicates a potential bullish reversal.
If bulls can push further, MATIC may break through the $0.60 resistance level, achieving a gain of about 10%, and may even break through the second resistance level of $0.65, bringing more room for upside.