Polygon

<ul><li>Despite its recent price drop, MATIC shows potential for recovery, supported by an encouraging low MVRV ratio.</li><li>MATIC faces strong resistance at $0.73, with high liquidation risks complicating its rise beyond this pivotal price point.</li><li>MATIC&#39;s ability to maintain support at $0.67 could be pivotal in its short-term trajectory.</li></ul>Polygon&#39;s MATIC has recently painted a complex picture on the market&#39;s canvas, revealing signs of seller fatigue yet facing a tough challenge ahead. As of the latest data, MATIC is trading at <a href="https://coinmarketcap.com/currencies/polygon/" rel="noopener noreferrer nofollow">$0.7020</a>, witnessing a substantial 21,06% decline over the past week. Despite this downturn, some metrics suggest a possible price recovery might be on the horizon.MATIC&#39;s journey in the cryptocurrency market centers around its significant struggle to overcome the critical resistance mark of $0.73. A detailed analysis of the liquidation heatmap, which uses a color scale from purple to yellow to indicate the likelihood of liquidations, shows high liquidity at this price level. Here, open trading positions worth approximately $235,280 stand at risk of being liquidated, adding a layer of difficulty for MATIC to climb above this resistance.<a href="https://cryptotale.org/matic-faces-resistance-amid-market-struggles-can-it-overcome-the-0-73-barrier/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

MATIC Faces Resistance Amid Market Struggles: Can It Overcome the $0.73 Barrier?

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