Polygon Warning Signs Point To Slide In MATIC Price On Support Breakdown

Polygon (MATIC) has been experiencing a mix of price action, with a 24-hour rally of 3.5% that hints at potential positive movement. However, the coin has suffered a 4.4% slump over the past seven days, indicating underlying bearish sentiments in the market. 
Despite the short-term surge, the weekly time frame presents a negative outlook, primarily due to the failure to break through a long-term horizontal resistance.Adding to the bearish pressure, an ascending trendline has been broken, si