MATIC’s latest price action could put short-term holders at a risk. Here’s why…

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MATIC’s latest price action could put short-term holders at a risk. Here’s why…
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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion MATIC’s current short-term trading range may persist unless BTC changes direction Analysts held a bearish stance on the asset as trading volumes declined Polygon [MATIC] has traded sideways since the late hours of 14 […]

The recent bull rally saw MATIC form a rising channel on the four-hour chart.

The Relative Strength Index retreated from the overbought zone while the On Balance Volume declined and moved sideways. This showed that buying pressure fell, but the fluctuating trading volumes could further set MATIC for an additional stay in its sideways structure.

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