MATIC Coils at $0.38 with Overwhelming Bearish Momentum
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.