Crypto
MATIC Trading Dead Money, Analyst Predicts Price Drop
MATIC is trading at $0.38 on September 2, 2026, and its chart is telling a story of slow capitulation.
The token's short-term EMAs confirm the downtrend, with the 12 EMA sitting at $0.39 and the 26 EMA at $0.42.
Rongchai Wang notes that MATIC can't even reclaim near-term momentum benchmarks, which is a bearish sign.
The RSI is at 38, approaching the threshold where historically capitulation or reversal events occur, but it's not oversold yet.