🚨📈MATIC goes downhill, stays relaxed and puts on the double brakes. 😊😊
The asset has depreciated significantly from its high of $2.9. After a period of calm, the token fell below the trading limit and fell 20% in a week.
Analysis of MATIC user activity shows a decrease in demand. The ratio of price to number of active addresses is negative. A decrease in user activity on the network has a negative impact on prices.
The relative strength index is at 21, indicating an oversold condition. When the value is below 35, recovery is possible, but seller activity may be disruptive.
The index measuring the balance between buyers and sellers is negative This phenomenon occurs in all alt coins so stay calm everyone will have time for ATH to come.
note 📢;** This is not an incitement or invitation to buy or sell, just my personal view of the current conditions. All your decisions in trading are your own responsibility**.
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