MATIC Price Shows Bullish Formation – What’s Next?

MATIC has experienced a downward trend over the past few months, but there is a possibility of a reversal. In the last 24 hours, the altcoin attempted a slight 0.2% increase, but the weekly chart showed a 13% depreciation, indicating a strong bearish dominance from a technical standpoint.
Both demand and accumulation indicators were negative, despite some buying strength attempting to recover. As Bitcoin surged above the $26,000 mark, many altcoins, including MATIC, are also attempting to move u