Polygon Price Analysis: MATIC retraces to $1.4000, bulls attempt to regain momentum

TL;DR Breakdown Today’s polygon price analysis will trade bearishlyMATIC/USD pair recorded a daily range of $1.4020 – $1.4500 Today’s polygon price analysis will trade bearishly over the next 24 hours, with sellers persistently pushing the market downwards to lower daily highs. Therefore, we anticipate recording further downsides on the daily MATIC/USD chart as the bulls attempt to hold support at the $2.46 mark. The general cryptocurrency market recorded mixed results on the 24-hour candlesticks, with Bitcoin losing 1.71 percent of its value. Ethereum recorded a 0.44 percent gain while Solana turned out as the best performer of the day with a record 20 percent gain. Polygon price movement in the last 24 hours: Polygon slowly retraces According to our daily Polygon price analysis, the MATIC/USD pair recorded a daily range of  $1.4020 – $1.4500, indicating a moderate amount of volatility over the last 24 hours. The total Trading volume in the Polygon market has increased by 26.34 percent and sums to $1.15 billion. Data from Coin Market Cap suggests Polygon’s total market capitalization trades around $9.47 billion, ranking MATIC 19th place overall. MATIC/USD 4-hour chart: MATIC targets the $1.70 On the Polygone price analysis 4-hour candlesticks, we can observe MATIC price action continuing to decline over the last 24 hours and now struggling with bears below the $1.500 minor support. MATIC/USD 4-hour chart. Source: Tradi...