The fast-falling Polygon coin price may soon retest the local support of $0.76. With rising volume on the selling side, the coin price could give a high momentum breakdown from this support. Will this potential downfall tumble MATIC price to a lower level, or will we see a bullish reversal soon?
Key Points:
The $0.76 and $0.7 support could offer suitable support to coin buyers
The 20-and-200 EMAs offer a bearish crossover
The intraday trading volume in the MATIC is $550.7 Billion, indicating a 72% gain.
Source- –Tradingview
Amid the recent bloodbath in the crypto market, the polygon coin witnessed a V-top reversal from the $1.3 resistance. Furthermore, this downfall registered a 41.3% loss and plunged to local support of $0.76.
The coin price currently trades at the $0.783 mark, but the last three days’ rising volume indicates this downfall could extend further. Thus, with sustained selling, the Polygon coin price could soon breach the $0.76 support and bolster further downfal
We współpracy z: https://coingape.com/markets/decreasing-volume-hints-polygon-price-correction-is-temporary/
