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MATIC Coils at $0.38 with Overwhelming Bearish Momentum

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MATIC
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MATIC is stuck at $0.38 in near-zero volatility, with every major moving average stacked overhead as resistance.

The market is essentially a coiled spring with no one willing to pull the trigger in either direction, but coiling isn't neutral.

Given that price is sitting at 29% of the way across the Bollinger Band range, hugging the lower half of the band, the directional lean is unmistakably downward.

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