Polygon USD (MATICUSDT) is under negative pressure - Analysis - 12-25-2024

The price of Polygon USD (MATICUSDT) has declined slightly during its recent trading at the moment levels, due to its collision with the resistance of its previous 50-day simple moving average, which exposed it to negative pressure, especially in light of the dominance of the main downward trend in the medium term and its trading along a trend line, and this comes after the price succeeded during its previous trading in disposing of some of its selling saturation that was clear in the relative strength indicators.

Therefore, we expect the currency price to decline during its upcoming trading, as long as the resistance level of $0.5812 remains stable, targeting the first support levels at $0.4400.

The expected direction for the upcoming trading: Down $POL