MATIC Weekly Chart Update.

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Now, let’s dive into this chart analysis:

After reaching a local high of $1.29 in March 2024, MATIC has been on a downtrend for almost 112 days. With the current market scenario, it is likely to see MATIC dropping a further 15% to 20% from the CMP.

The lower support ranging between $0.316 and $0.387 holds high liquidity and presents a decent entry level for MATIC.

Key Observations:

~ Lower Support/Entry: $0.387
~ Liquidity Level: $0.316 to $0.387
~ Resistance: $0.9860
~ Long-term Target: $2.923 (All-time high)

DYOR. NFA.

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