Mixed sentiment leads Polygon Matic cryptocurrency to trade sideways; establishes tight $0.871 to $0.879 range

Polygon Matic is now trading at $0.873 after tracing out a steady $0.871 – $0.879 range today.

Analysis of Polygon Matic's recent price action suggests MaticNetwork USD is approaching key support, around 1 cents away from $0.867. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Concerning technical analysis and more specifically, trend indicators, Polygon Matic made an initial break below its 5 day Simple Moving Average at $0.869, a possible indication of a forthcoming negative trend. Asset volatility analysis shows that Polygon Matic's upper Bollinger Band® is at $1 and the lower is $0.792.

With market volatility ebbing, the current technical outlook indicates Polygon Matic will remain range-bound for the immediate future.

At the same time, mixed performances are seen elsewhere as FTX Token is up 9.54%. TRON improves 1.52% to trade around $0.074. UNICORN Token USD closed at $6.43 (down 2.98%).

On a negative trend for around 2 months. Polygon Matic is now trading 43.17% below the significant high of $1.54 it set around 3 months ago.