Polygon price (MATIC) has retraced on its chart as the broader market depicted weakness. Over the last 24 hours, however, the coin has managed to move up by 0.2%.
In the last week, MATIC rallied by over 14%, pushing prices to break past multiple price ceilings. The altcoin is trading sideways on the one-day chart, but the coin is still optimistic.
The technical outlook of the coin has continued to side with the bulls as demand for the altcoin noted an uptick over the past day.
Buying strength also signified an increase, but this reading could be momentary as the bulls could lose steam if demand doesn’t remain consistent.
Polygon price can eye its immediate resistance mark before the bullish steam finally wanes off. With Bitcoin slipping down on its chart, many altcoins have travelled south on their respective charts.
Polygon is still among those altcoins that have displayed the presence of bulls on their chart. It is crucial for Polygon price to trade above the $0.96 ma ..
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