Crypto
MATIC Price Trapped at $0.38: Can a Macro Catalyst Spark a Short Squeeze?
MATIC's price is stuck at $0.38, with every major moving average stacked overhead like a wall of sellers.
The token has been coiling dangerously at this level for some time, and the market context isn't helping.
Polygon's fate remains tightly chained to Bitcoin's mood, and in a market environment where DeFi narratives have cooled relative to the Bitcoin ETF and meme coin cycles, Polygon is stuck in the middle ground.
Despite the neutral funding rate sitting right at 0.01%, bears aren't pile-driving this thing down with leverage; they're just quietly refusing to buy.