MATIC Price Analysis

MATIC, a cryptocurrency, has been in a downtrend for some time and is having difficulty finding support. The support at $1.3 was unable to hold off the assault from bears and has now turned into resistance. The trading volume is flat, but buyers are nowhere to be found. The daily RSI and MACD are both bearish, indicating that sellers are more likely to dominate the chart in the near future. The bias for MATIC is bearish and the short-term prediction is that buyers will make a stand at the $1 level. This puts sellers in control of the price action. With the support at $1.3 lost, MATIC is likely to continue its downtrend and could potentially fall all the way to $1. Investors should be cautious when investing in MATIC and should consider the risks associated with the cryptocurrency.