Polygon (MATIC) Shows Signs of Renewed Interest, But Faces Potential Price Consolidation

Polygon (MATIC) active addresses rebounded recently, suggesting renewed interest and potential for a price increase.

MATIC's RSI dropped to 59, indicating neither overbought nor oversold conditions currently and likely consolidation ahead.

Despite positive user engagement signals, MATIC's EMA lines present a less bullish outlook, with the price possibly facing downward pressure.

Strong support exists around $0.95 and $0.90, so MATIC may consolidate at those levels short-term barring any sentiment shifts.

If bullish momentum returns, MATIC could push towards resistance at $1.17 and $1.30; otherwise, it risks declining to $0.81.