MATIC cryptocurrency has become interesting for investors again. Of course, not as interesting as in the period from January to May 2021. However, in June 2022, trading volumes finally increased several times. Even during the weekly candle of 9 May, when sellers tried to break the $0.58 mark, trading volumes were lower than during the first month of summer. The stop of the uncorrected fall from January 2022 is already a good sign and it is time to determine the critical points above which the falling trend will be broken. Source: https://www.tradingview.com/x/cWxbn9O5/ The weekly chart shows that sellers have spent a lot of effort to take control of the $0.58 mark. However, these efforts did not yield the desired result. After breaking the $0.58 mark, the MATIC price did not continue its aggressive decline. Instead, buyers began placing limit orders, which caused the MATIC price to slow down. The $0.38 range stopped the decline and allowed buyers to form a rebound. For three weeks now, buyers have had a local initiative on the market. Though, an unsuccessful attempt to take control of the $0.58 mark may turn into a new fall wave even from the local low update. For the MATIC price to continue to rebound upwards, buyers should keep the local mark of $0.5. It was this mark that stopped the strong impulse of the fall from 9 May, and in the case of buyers’ strength, it is quite suitable for the role of local support. The loss of th...
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