đ Polygon Price (#Polygon ) is finding it difficult to recover.
The price of #MATICâ has affected the total volume of transactions generated on the network, and this has reached a significant low, mirroring the levels seen in December 2023.
âȘCurrently, the transaction volume is less than $33 million, highlighting a significant decline in network activity.
đ”This decrease in transaction volume may reflect decreased user engagement or confidence in the network's performance.
đČ#MATIC Price Forecast: Another decline in the future?
âïžMATIC price broke below the consolidation between $0.75 and $0.64 over the past 10 days. As a result, the altcoin can be seen changing hands at $0.62 at the time of writing, although with green candles over the past couple of days, the native Polygon token is bound to go lower.
đ The above signals could lead the altcoin to fall below $0.60 again, potentially to $0.53.
âŠïžHowever, if MATIC price manages to secure $0.60 as a support floor and returns to consolidation above $0.64, the altcoin has a chance to recover, this would invalidate the bearish signals as well.