The selling pressure on MATIC is decreasing and it could have a recovery in the next few days. But at first,it needs to conquer this 1.3$ zone, if not, it will keep moving down to 1$ or even lower 

📈RED PLAN
-Buy: 1.26-1.34$ if A. SL if B -Buy: 1.55-1.65$ if A. SL if B
📉BLUE PLAN
-Sell: 1.55-1.65$. SL if A -Sell: 1.95-2.05$. SL if A -Sell: 2.55-2.65$. SL if A
🟣PURPLE PLAN
-Sell: 1.26-1.34$ if B. SL if A -Buy: 0.97-1.03$. SL if B
❓Details
🕯Timeframe : 12 Hours 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
  • Using Polygon, one can create Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required by the developer.
  • Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum’s security, vibrant ecosystem and openness.
  • The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.