📉 Matic is in a downward range again after facing resistance in the past week, losing 5% without signs of stopping. However, it's currently trading at a key support level, negotiating for the next leg down.

🔻A week ago, Matic initiated another sell-off after failing to recover well from last month’s correction, extending bearishness. The price is now weaker on the daily timeframe.

📉The bearishness was triggered by a sharp rejection, bringing the price back to March’s support level of $0.91. Currently trading above this level, a breakdown is expected soon unless the support holds firmly, leading to a potential bounce before releasing selling pressure towards the $0.7 level.

📉Matic has lost 12% in the past week with a market cap of $9.2 billion. It's currently negotiating the multi-week $0.91 support, with potential drops to $0.835 and $0.75 before reaching the main target mentioned above.

💰The lost $1 level serves as resistance, with potential recovery to $1.09 and $1.17. The $1.29 resistance would be the next target level for more buys.
🔝 Key Resistance Levels: $1, $1.09, $1.17
Key Support Levels: $0.91, $0.835, $0.75
Spot Price: $0.916
Trend: Bearish
Volatility: High 📊