After three days of declines, Polygon Matic is up $0.013 today

Polygon Matic posts light gains on a low-volatility day, ranging between $0.595 – $0.632 and is now at $0.625.

With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to momentum evaluation, the Relative Strength Index indicates Polygon Matic is in an oversold condition, which could precipitate a reversal and set up a new bullish phase. According to asset volatility analysis, Polygon Matic's lower Bollinger Band® is at $0.612, indicating that the market is oversold and fertile for new buyers. A study of Polygon Matic's chart reveals various key levels to watch: the nearest resistance level is at $0.71, followed by $0.827 at the next level; support levels are at $0.493 and followed by $0.392 at the next level.

All in all, the technical analysis suggests Polygon Matic has no clear-cut direction.

Polygon Matic shows positive signs, other assets are also on par: FTX Token is up 9.54%.

At the same time, Cardano is trading around $0.268 (down $0.007). EOS is down $0.014 from the beginning of the session and now trades around $0.682.

Trending downwards for around 3 months. Polygon Matic has fallen back around 60.3% over the past 3 months, from a notable high of $1.54.