Ano ang susunod para sa MATIC bilang mga toro ay napipilitang umupo sa likod na upuan
Polygon [MATIC] reached a high of $0.983 on the 14th of November but fell by 26.7% to reach $0.721 on 21st November. The token had scaled the $0.9 resistance zone with relative ease ten days earlier and was expected to slowly climb past $1. Yet the recent selling pressure saw these expectations upended. The large amount of MATIC moved to Binance was part of the FTX liquidation of its crypto assets. The higher timeframe support and the market structure were both beaten Pinagmulan: MATIC USDT sa TradingView On 21st November, MATIC saw a one-day trading session close at $0.72, well below the $0.7595 support. Moreover, this was below the recent higher low at $0.772 on 12th November. Therefore, the D1 market structure was bearish. The bounce of the past few hours retested the $75-$77 zone as resistance and was likely to fall lower. There was a chance that it was a deep liquidity hunt after the Binance news broke and that MATIC could recover once again. But this was unlikely because the bulls fought valiantly to hold on to $0.8 over the past week but finally succumbed. This was reflected in the On-Balance Volume when a former resistance was flipped to support, but demand couldnt keep the


