Crypto
MATIC Price Analysis: Bearish Technical Setup Favors Drop to $0.31
MATIC is stuck in a tight range at $0.38, with virtually no trading volume and all major moving averages stacked above it.
This technical setup favors bears, indicating that the market has given up on MATIC.
Low momentum and a lack of conviction from buyers mean that any potential bounce could be short-lived.
The derivatives picture shows no signs of short crowding in futures, eliminating the possibility of an upside short squeeze.