Polygon (MATIC) technical chart showed a U-shaped recovery followed by a minor pullback, indicating the formation of the Cup and handle pattern. However, the handle portion of this pattern stalled midway as the coin price struggled to surpass the combined resistance of $0.5 and 20-day EMA. The sustained selling could undermine the bullish reversal pattern. The post Polygon Price Analysis: 20 EMA Resistance Pressurize MATIC for $0.45 Breakdown appeared first on CoinGape.
