The Price of Matic Barely Hanging onto Support

in LeoFinance2 years ago

Price action has been weak of late for MATIC. Though it has been holding a key support level, thankfully, it also hasn't really bounced at all.

In this video I look at the price chart on 4/22/22 and discuss the current support zone of 1.40-1.50 and the downside targets if price were to break.

Matic Price Chart Analysis...

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Matic was pretty low before it got a pump from a major influencer since then it's never seen those highs again. I'd also have to say my experience with the network wasn't the best we had that 1-2 days of downtime on the launch of Polycub which was pretty crazy. Kind of shows you how centralized that network is. Unaware of any real projects being built on it either that I would say it could have strong support later.

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Yeah, polycub is my only interaction with that chain.

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