Will #Matic hold the $0.50 $MATIC

Matic has been in the red since July 14, and the price decline has been 43.94% since then.

From its highest peak on February 18 at a price of $1.56, Matic has now fallen deeply by 68.5%.

This shows that Matic is weakening in terms of price compared to other platforms in the same group.

However, we should be concerned about when Matic escapes the trend line to buy, and what is the possibility of a reversal? Looking at the chart, we can clearly see the long odds trend line from February 2023 in a sustainable way.

The important support level is not $0.50 but $0.42. If the trend persists according to the current situation, the price is likely to return to $0.42.

In terms of information, Matic (Polygon 2.0) is coming soon, which could help Matic escape the downtrend line.

If you have Hold or Trader #matic , please read the information. Hope it helps you guys.

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