Polygon

Coin

<ul class="news-points">
 <li>JB from Cheeky Crypto predicted that MATIC may drop to between $0.4458 and $0.3599.</li>
 <li>Before the altcoin falls to this level, the analyst added that MATIC may briefly rise.</li>
 <li>At press time, 2 noteworthy bearish technical flags were on the verge of being triggered.</li>
</ul>
JB, an analyst for the cryptocurrency analysis and trading channel Cheeky Crypto, <a href="https://www.youtube.com/watch?v=1hVUrT85Y9w" target="_blank" rel="noopener noreferrer nofollow">predicted</a> that the price of <a href="https://coinedition.com/tag/polygon-matic/" rel="noopener noreferrer nofollow">Polygon (MATIC)</a> could drop to between $0.4458 and $0.3599 in the following few days. His bearish prediction is based on his belief that the altcoin’s price is still in a correction phase.
Before the Layer-2 cryptocurrency’s price falls to this range, JB added that MATIC’s price may undergo a retracement from this medium-term bearish trend. During this period, he predicted that the altcoin could rise to within the $0.57035 and $0.592115 range.
Thereafter, he anticipates that smart money investors may begin to short MATIC once its price drops to around $0.543471. Consequently, this potential sell pressure may cause MATIC to drop to within the aforementioned $0.4458 and $0.3599 zone, as per the Cheeky Crypto analyst.
Meanwhile, MATIC was trading hands at $0.553 at press time. This was a…
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/matic-may-drop-to-0-3599-in-the-next-few-weeks-says-analyst/">MATIC May Drop to $0.3599 in the Next Few Weeks, Says Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

MATIC May Drop to $0.3599 in the Next Few Weeks, Says Analyst

Coin Edition

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