🚨🚨Polygon (MATIC) Hungry to Break Months-Long Downtrend with Altcoin Rally🚨🚨
MATIC shows signs of a resurgence, threatening to break out of an extended downtrend in a select altcoin rally.
Polygon’s MATIC is threatening to break out of an extended downtrend.
The price move comes as part of a relief rally of select altcoins.
Analysts have weighed in on the asset’s prospects.
MATIC, the native token of the Polygon PoS chain, is far from its glory days. While the broader crypto market is believed to be in a bull market, the asset has been stuck in a months-long downtrend that has recently seen it trade around two-year lows.
Amid the downturn, however, MATIC may now be showing signs of a resurgence, threatening to break out of the extended rut in a select altcoin rally.