Polygon (MATIC) price has been on a downward trend for the past month and a half but is showing signs of a possible turnaround. The market conditions are shifting, and there is a growing demand for MATIC, indicating a potential recovery. The Relative Strength Index (RSI) suggests that the altcoin is oversold, hinting at a trend reversal in the near future. With less than 8% of MATIC holding addresses currently in a profitable position, there may be less selling pressure, leading to price stabilization or even an upward trend. The current price of MATIC is $0.50, with a potential target of $0.60 for a breakout. However, failure to breach this level could keep the price range-bound. Investors should conduct their own research and seek professional advice before making any financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news