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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/matic-price-analysis-with-altcoins-falling-left-and-right-will-matic-price-float-above-0-60/">MATIC Price Analysis: With Altcoins Falling Left and Right, Will MATIC Price Float Above $0.60?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With Bitcoin returning to the $29K mark after a 1.02% drop in the last 24 hours, altcoins enter a bear frenzy. Polygon ranks high in the bear chart with a 9.14% fall in market value in the last 48 hours.&nbsp; 
With a sudden increase in selling pressure, the MATIC coin price reverts from the resistance trendline. The sharp fall even breaks under the $0.65 mark and approaches the bottom support at $0.60. 
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The spike in intraday trading volume intensifies the 5.97% drop last night as the MATIC prices break under $0.65. Moreover, the crazy selling trend continues with a 3.02% fall today, at press time, ready to challenge the $0.60 support zone. 
Coming to the technical indicators, the MACD and RSI indicators support the ongoing bearish trend. The MACD and signal lines fail to give a bullish crossover and revert to a bearish alignment. Meanwhile, the RSI indicator shows a quick return to the oversold boundary.&nbsp; 
<h2 id="will-matic-coin-price-sustain-above-0-60" data-name="will-matic-coin-price-sustain-above-0-60" class="wp-block-heading">Will MATIC Coin Price Sustain Above $0.60?</h2> 
With the sharp selling pressure clear as day in the altcoins, the MATIC price will struggle to find a reversal spot. However, the solid bullish dominance at the $0.60 support zone might be able to absorb the selling pressure. Therefore, buyers may find the drop to $0.60 as an entry spot.&nbsp; 
In case of a bullish reversal, the MATIC price can reach the 50-day EMA close to the $0.70 mark. On the flip side, a drop below $0.60 will test the psychological mark of $0.50.

MATIC Price Analysis: With Altcoins Falling Left and Right, Will MATIC Price Float Above $0.60?

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