- MATIC fluctuated in the red zone during the first half of the week but gained momentum in the second half.
- The bears did let bulls off the hook after MATIC broke the bullish falling wedge.
- The RSI is tilting downwards at 67.75, hence MATIC prices could surge.
Polygon (MATIC) opened the week trading at $0.8. During the first three days of the week, MATIC fluctuated in the red zone touching the green zone on rare occasions. In the course of its descent, MATIC reached $0.7749 as the lowest price for the week.
Interestingly, as shown below in the chart, the token gained some momentum during the second day of the week. Although during this phase, the bulls weren’t able to push MATIC higher but were able to consolidate its prices.
However, the second half of the week was totally different from the first half as the bulls defied the bears and MATIC gained some momentum. As such, MATIC spiked from $0.8031 to 0.8061 in just a few hours.