MATIC Price Battles Under $1 Despite Bullish Signals

The Polygon (MATIC) price momentum registered a positive shift over the last 24 hours. The altcoin gained close to 3%. Meanwhile, on the weekly chart, MATIC is yet to recover from its losses. The technical outlook depicted positive price action; however, the coin is still not out of the woods.
MATIC has to break past the immediate resistance zone and trade above the $1.30 mark for a significant period of time. The coin also formed a head and shoulder pattern, often connected to a downtrend.
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