After four days of persistent declines, Polygon Matic stabilises around $1.1

Without a clear-cut direction, Polygon Matic is trading around $1.1 and ranging between $1.1 and $1.11.

Trend-focused traders would be interested to note that MaticNetwork USD made an initial breakout above its 3 day Simple Moving Average at $1.11, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Polygon Matic's upper Bollinger Band® is at $1.15, suggesting that a downward move may follow. Technical analysis of Polygon Matic's past price action reveals multiple support and resistance levels: Polygon Matic bounced after reaching the $1.09 support zone, climbing 1 cents above it.

Overall, technical indicators suggest Polygon Matic has no obvious direction for the immediate future.

While Polygon Matic is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. UNICORN Token USD is up 1.62%.

On a negative trend for around a month. Approximately a month ago, Polygon Matic reached a significant high of $1.54 but has struggled to hold onto its gains and declined 28.54% since then.