🟣 #MATIC is in the accumulation phase

Today let's take a look at the 12 hour timeframe of the Polygon chart. The token has been performing quite poorly over the last year, but now it is getting chances to prove itself.

After a decline in mid-April, price has entered a medium-term sideways 📊 From below, price is supported by ~$0.65 and there is resistance at ~$0.75 from above.

Consolidation within the "price channel" 📈 is observed. The exit from it may occur upwards. The accumulation stage will turn into an impulse stage.

There is no clear confirmation of an upward move yet, but it is most likely in such situations. We should wait for additional confirmations 🔎

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