MATIC price drops to $0.96, and bears take control as support holds at $0.9494. Possible buying opportunity as ROC points upwards.
- Analysis shows MATIC faces bearish pressure after resistance at $0.9862.
- However, the weak negative momentum may lead to a price recovery.
- Additionally, the Stochastic RSI suggests possible future price gain for MATIC.
Polygon (MATIC) bulls encountered resistance at $0.9862 early in the day, and as a consequence, bears took market control and sunk the price to $0.9494, where support was formed. The bearish dominance was still in play at press time, resulting in a 2.46% drop to $0.9601.