A look at MATIC's price drop since its all-time high shows that the altcoin has followed downward resistance for nearly 700 days since then.
MATIC surpassed this trend line last week (red icon) but failed to break out. Instead, it created a bearish candle and fell below it.
However, the weekly RSI is bullish, supporting the possibility of an increase. Additionally, MATIC has moved above the long-term horizontal resistance area at $0.75, now likely providing support.
If MATIC breaks out, it could rally 70% to the next horizontal resistance at $1.50.
