Polygon (MATIC) has dropped by greater than 40% from its report excessive of $2.92, established on Dec. 27, 2021. But when a basic technical indicator is to be believed, the token has extra room to drop within the classes forward.
MATIC’s current rollover from bullish to bearish, adopted by a rebound to the upside, has led to the formation of what seems like an inverted cup and deal with sample — a big crescent form adopted by a much less excessive upside retracement, as proven within the chart under.
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