MATIC’s price lost its demand zone as the price struggled to hold above $0.7. MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. MATIC’s price looks weak as the price struggles to hold above $0.7, with the possibility of reclaiming the daily 50 Exponential Moving Average (EMA) remaining bleak.
The price action displayed by Polygon (MATIC) has continued to look disheartening, with the FTX effect affecting small crypto projects like Genesis as the market continues to look weak on each passing day signifying the bottom is not yet in leading to the price of many altcoins, including Polygon (MATIC), battling for survival. The Domino effect of the FTX saga and other huge