MATIC seems to have reached support

$BINANCE:MATICUSDT

After trading near the resistance line of the symmetrical triangle pattern, Polygon turned down and reached the support line. The flattening 20-day EMA ($1.13) and RSI below 50 suggest that the bulls may be losing their advantage.

If the price breaks below the support line, the short-term advantage may tilt in favor of the bears, and the MATIC/USDT pair could collapse to the 200-day SMA (1). A break and close above the resistance line would signal strength and could potentially lead to a rally to $1.30.

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