Polygon Price Analysis: MATIC/USD remains bearish as buyers attempt to recover $1.5

TL;DR Breakdown The price of Polygon (MATIC) is indicating bearish signs of weakness due to slowing momentumMATIC/USD had traded within a tight range of $1.300 – $1.4092 Polygon Price Analysis: General price overview  The price of Polygon (MATIC) is indicating bearish signs of weakness following the recent slowdown in momentum, a tight daily range, and focus shifted towards lower corrections. Increased profit taking by MATIC bulls is the sole reason why the polygon price action is unable to breach the current resistance. The altcoin is preparing for a retracement, hence making today’s Polygon Price Analysis bearish in the next 24 hours. Nonetheless, the imminent retracement will find correction above solid support and then consolidate enough momentum to steer a violent rally upwards.  The general cryptocurrency market is trading in the neutral zone and has been the case for the last 24 hours.  Polygon price movement in the last 24 hours : MATIC/USD  on the 24-hour price analysis had traded within a tight range of $1.300 – $1.4820, therefore suggesting mild volatility. Daily trading volume dropped by 24 percent to $888 million. On the other hand, the total market capitalization for Polygon rose by 2.03 percent in the last 24 hours. Polygon price analysis on the 4-hour chart  On the 4-hour chart, we are observing MATIC/USD attempt to build support at $1.3200. This suggests the bulls ar...