#MATICโ has decreased by more than 50% from the price ceiling it recorded in 2024.๐ฅ๐ฅ๐ฅ
The price has now reached the demand zone of $0.4930 - $0.5190 and the downtrend remains strong on the daily time frame.
Historical data shows that #MATICUPDATE tends to return to the top after reaching this strong support level, but according to the current market trend, we cannot expect a quick return for now.
If the daily candle closes below the support zone, the bearish scenario will continue and the decline will be deeper.
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