Posted 4/12/2024, 10:30:00 PM
Polygon Faces Growing Skepticism as Price Correction Looms
- Polygon (MATIC) price facing potential correction due to growing skepticism among investors and whales reducing holdings
- Network growth at 7-month low, indicating declining traction and adoption
- Large MATIC holders moving funds to exchanges, signaling lack of confidence
- MATIC price could see 11%+ drop if $0.7489 support level is lost
- Falling wedge pattern shows potential for bullish reversal if $0.8876 level reclaimed
