MATIC Price Faces Downward Pressure as Support Levels Weaken
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MATIC price has fallen under a long-term descending resistance trend line and a key horizontal support level.
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MATIC remains slightly above the critical RSI reading of 50 but the indicator is decreasing.
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Some analysts predict the MATIC price could reach $1, but turn bearish if it falls below $0.72.
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According to Elliott Wave analysis, MATIC price correction may continue to around $0.68.
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If MATIC breaks above the wave B high of $0.95, the price could surge 50% towards $1.15 resistance.