Polygon Dollar (MATICUSDT) is preparing to break its current support - Analysis - 09-01-2025

The price of Polygon (MATICUSDT) has stabilized at a decline during its recent trading at the moment levels, as the stock is preparing to break the current support level of $0.4400, amid the dominance of the main bearish trend in the medium term along the trend line, and with continuous negative pressure due to its trading below its simple moving average for the previous 50-day period, and in addition to the above, we notice the formation of negative divergence in the relative strength indicators, after reaching areas of severe saturation with buying operations, in an exaggerated manner compared to the price movement, with the occurrence of negative signals from it.

Therefore, we expect further decline in the price of the currency during its upcoming trading, especially in the event that it breaks the previously mentioned support of $0.4400, to then target the pivotal support level of $0.2870.

The expected direction for the upcoming trading: Bearish $POL