Is MATIC positioning for a bounce? UPDATED]
Sep 22, 2022
It's oversold, but all 4 MAs are currently resistance.As Zcrypto.bbs mentioned a little bit ago (see below), Matic appears undervalued. It's outside trend, imo,and if it drops a bit more, it's possible it may bounce, irrespective of what the rest of the market does.
UPDATE: will it break upwards out of the (weakish) bear pennant it's formed? Or will it trend back down?
CONSULT YOUR MAGIC 8 BALL FOR ANSWERS. ;-)
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