$BTC
Polygon Dollar (MATICUSDT) is experiencing negative pressure – Analysis – 14-04-2025 $POL
The price of Polygon (MATICUSDT) has stabilized with a slight increase during its recent trading at momentary levels, amidst its attempts to recover some of the losses it incurred previously. However, this cautious rise has led to the formation of a negative divergence in the relative strength indicators, after reaching areas of severe overbought conditions, excessively compared to the price movement, with the beginning of a negative crossover appearing that will amplify the negative pressures on the price, especially with the continued negative pressure due to trading below the simple moving average for the 50-period, and under the control of the main downtrend.
Therefore, our expectations indicate a decline in the price of the currency during its upcoming trading, as long as it remains below the price of $0.204, aiming for a support level of $0.149.
Expected trend for upcoming trades: Bearish
