{"id":549280,"date":"2023-08-29T15:00:22","date_gmt":"2023-08-29T15:00:22","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=549280"},"modified":"2023-08-29T12:57:51","modified_gmt":"2023-08-29T12:57:51","slug":"matic-risks-heavy-decline-if-it-falls-below-this-price-level-analyst-says","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/matic\/matic-risks-heavy-decline-if-it-falls-below-this-price-level-analyst-says\/","title":{"rendered":"MATIC Risks Heavy Decline If It Falls Below This Price Level, Analyst Says"},"content":{"rendered":"

MATIC, the native token of the Polygon network,<\/a> has experienced both sides of the crypto market volatility in the last day, with a temporary boost followed by a steady price decline.\u00a0<\/span>Over the past 24 hours, the prominent altcoin has had its price bounce between $0.55 and $0.56, forming a major consolidation zone.<\/span><\/p>\n

As many MATIC investors speculate on the token\u2019s next movement, popular crypto analyst Ali Martinez has given an interesting prediction that implies an impending market loss.<\/span><\/p>\n

MATIC In Danger Of 27% Price Decline<\/span><\/h2>\n
Via an X Post on Monday<\/a>, Ali Martinez alerted the crypto space that the MATIC token was in a critical price zone, which could result in heavy investor losses.\u00a0<\/span><\/p>\n
Related Reading: MATIC Social Sentiment Slides To Negative Territory \u2013 What\u2019s The Impact On Price?<\/a><\/p>\n
Over the last seven days, MATIC has recorded both negative and positive movements, often finding support at the $0.53-$0.54 price zone.\u00a0<\/span><\/p>\n
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If #Polygon<\/a> loses the $0.54 support \u2014 guarded by 3,770 addresses holding over 70 million $MATIC<\/a> \u2014 it could freefall to $0.40! \u26a0\ufe0f pic.twitter.com\/040dv1Mb9P<\/a><\/p>\n
— Ali (@ali_charts) August 28, 2023<\/a><\/p><\/blockquote>\n