$MATIC gone from Futures, but that doesn't help it get rid of sell pressure. And if you take a look at volume profile on the left, you'll be amazed by huge difference in volume accumulated under 0.045 comparing to anything that happened above. Spot is in profit, and if market mood gets even more bearish, they'll take that profit and wait for the dip below 2022 low at least.

Zone around 0.22 might be the first level for a bounce. After that no reasons to get into that coin until 0.045

Condition to return to bullishness on higher timeframe is MATIC price acceptance above 0.582 - that will give a chance to return back to ~0.84

#Matic #MaticNetwork