MATIC: Susuko ba ang mga toro sa selling pressure?
Polygon [MATIC] continued to trade within a compact price range, as the selling pressure at the $0.6 price zone stood in the way of sustained bullish gains.ăăRealistic or not, hereâs MATICâs market cap in BTCs termsăăAn earlier report by AMBCrypto on MATICs price action highlighted the possibility of an uptrend, based on the strong bullish rally from $0.5. However, this move is yet to materialize, due to the selling pressure still present at the $0.6 price zone.ăăDwindling bullish momentum could see MATIC maintain its bearish structureăăPinagmulan: MATIC / USDT sa View ng TradingăăThe RSI (Relative Strength Index) highlighted the drop in the buying pressure, as it moved from the upper level to the lower level on the 12H timeframe. This drop came after the price rejection at $0.58 within the compact trading range.ăăThis loss of momentum by bulls could lead to a bearish breakout from the compact range, with a retest of the $0.5 support level looking likely in the short term.ăăAs such, MATIC investors adopted a cautious approach. The CMF (Chaikin Money Flow) revealed significant capital outflows, as it moved into negative territory.ăăA sustained bullish move will require buyers to cross the $0.6 hurdle. This could in turn propel









