Polygon (MATIC) is currently trading at $0.988031, down 3.07% in the last 24 hours, underperforming the cryptocurrency market as the total crypto market cap decreased by 2.18% in the same period. The medium-term trend for Polygon has been bullish, with MATIC increasing by 2.59% in the last 3 months. However, the long-term picture for Polygon has been negative, as MATIC is currently displaying a -11.59% 1-year price change.

According to our Polygon price prediction, MATIC is expected to reach a price of $1.14 by Apr 03, 2024, representing a 14.72% price increase in the next 5 days. However, the sentiment in the Polygon markets is currently Neutral, and the Fear & Greed index is reading Extreme Greed, signaling that investors have a positive outlook on the market but could also indicate that the market is overvalued.

MATIC is trading below the 50-day Simple Moving Average (SMA 50) trendline, which is a bearish signal, and the 200-day Simple Moving Average (SMA 200), signaling that the market is currently bearish. It is important to monitor the MATIC market sentiment, key support and resistance levels, and other metrics moving forward, but keep in mind that the cryptocurrency markets are unpredictable and display significant price volatility.