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Polygon is up almost 200% from its lowest price of $0.31 in June. Currently trading near $1 which is the resistance zone.
The RSI is near 60 and the relative strength indicator shows Matic outperform Bitcoin in recent weeks.
Recently Matic made a high of $1 but it's facing resistance at the $0.95 to $1 zone for the last 15-20 days
Although the short-term trend is still positive many crypto analysts believe that at the current level of $0.90-0.95, Matic price may reduce up to 25%
We have seen a 200% up move from lower levels in a few weeks and at current levels, we may see profit booking in Matic.
The 50% Fib Retracement of the current move from $0.31 to $1 comes around $0.66 which was also the breakout zone as well as Anchored VWAP from Lower Levels.