Polygon (MATIC) has experienced a bearish trend recently, with its price down by 4.51% against the US Dollar in the last 24 hours. The cryptocurrency underperformed the market, as the total crypto market cap decreased by 1.40% in the same period. MATIC's price is currently trading at $0.560660, 24.75% below our prediction of $0.745071 by October 10, 2023. The long-term picture for Polygon is negative, with a -32.33% price change since one year ago.

The sentiment in the Polygon market is currently bearish, with the Fear & Greed index reading neutral. Key support levels to watch are $0.546901, $0.530320, and $0.507459, while key resistance levels are $0.586344, $0.609205, and $0.625787. In conclusion, the current forecast for Polygon's price is bearish, and it would have to increase by 32.97% to hit our target within the next five days. However, the cryptocurrency markets are unpredictable, and even the largest crypto assets display significant price volatility.