MATIC Price Trapped in Bearish Trend
MATIC's price has been stuck below various key averages, forming a 'cascading wall of moving average resistance' at $0.38.
The token's structure is unambiguous and bearish, with no clear signs of support or accumulation.
The RSI reading near 38 indicates disinterest rather than panic selling, while the MACD and signal line are flat-lined.
Despite a possible short-term bounce due to oversold conditions, the overall trend is expected to continue downward.