MATIC has been in a bearish trend across multiple timeframes, reflecting growing selling pressure, especially around key volume levels. Here's a breakdown of what's happening on each chart:



Weekly (1W) Chart:

  • Key Levels:

    • Support: The major value area low (mVAL) sits around $0.3838, and price is below this level.

    • Resistance: The next significant resistance is at $0.4544 (mVAH) and $0.5073 (Point of Control or POC).

    • Volume Profile: The mVAL suggests a critical zone where MATIC could either bounce or drop further into lower zones.

  • Price Action:

    • MATIC has rejected the mVAL and appears to be heading lower, showing weakness and potential continuation of the downtrend.

  • RSI: The weekly RSI is oversold (35.65), indicating exhaustion from sellers. However, it hasn't yet entered the 30 region, so more downside may still unfold before a possible reversal.



Weekly Chart



3-Day (3D) Chart:

  • Key Levels:

    • Support: Again, mVAL at $0.3838 is in focus, and the price is trading right around it.

    • Resistance: Strong resistance levels lie at $0.4547 and $0.5073.

  • Price Action:

    • The recent candle shows some indecision with small wicks, indicating buyers trying to step in near the mVAL. However, this hasn’t resulted in significant upside momentum.

  • RSI: The RSI is in the oversold zone (35.54), but no divergence is apparent, which suggests the trend could persist before relief.



3D Timeframe - Source Tradingview



Daily (1D) Chart:

  • Key Levels:

    • Support: The mVAL ($0.3838) remains the key support.

    • Resistance: Resistance at $0.4100 (qVAL) and $0.4196 (mVAH) could prove difficult to break.

  • Price Action:

    • A small consolidation is visible, with prices moving sideways near support. However, the large volume profile gaps between $0.3838 and $0.5073 indicate that once the support is broken, it could move swiftly downward.

  • Volume Profile: The visible gap shows that if the mVAL support at $0.3838 fails to hold, there is a lack of trading volume until much lower levels, potentially leading to rapid downside.

  • RSI: The daily RSI is at 41.71, reflecting a mild recovery but still showing weak momentum. A break above 50 would indicate a shift to bullish momentum.



1D chart- source tradingview



4-Hour (4H) Chart:

  • Key Levels:

    • Support: mVAL at $0.3838 remains a key support, while $0.3679 represents immediate short-term support.

    • Resistance: Local resistance at $0.4100 remains unbroken, and prices are struggling to retest it.

  • Price Action:

    • The 4H chart indicates that price is consolidating near key support levels, but there's no strong bullish signal yet.

    • The descending RSI suggests weak buying interest, with RSI at 34.66, which is close to oversold, but no divergence from the price is apparent.

  • Volume Profile: The 4-hour chart has some accumulation around the POC ($0.3680), but unless this level is defended strongly, a downward breakout could be likely.



4H chart - source tradingview



Summary and Conclusion:

  • MATIC is clearly in a bearish phase across all timeframes, with the price trading around critical support levels, particularly at $0.3680 and $0.3838.

  • Oversold RSI across most timeframes suggests a potential for relief in the coming days, but no significant bullish divergence or reversal patterns have formed yet.

  • The next major levels to watch are $0.3838 (key support) and $0.4100–$0.4196 (local resistance). A breakdown below support could lead to further downside, potentially targeting $0.3350, while a recovery above $0.4196 could see MATIC retest $0.4544.

👉 What’s your take? Do you think MATIC will hold support or break lower? Comment below!



$MATIC