MATIC price locked in a tight range before Polygon retests all-time highs
- MATIC price is experiencing a period of stagnation while buyers struggle to lift prices higher against the overpowering distribution of the sellers.
- Polygon is consolidating in a tight range between the 50 four-hour moving average and the 100 four-hour moving average.
- While volatility remains low as the Bollinger bands are witnessing a squeeze, a spike in buying pressure could unravel a bullish thesis.
MATIC price has seen a big run in 2021, surging by over 15,500% year-to-date to reach an all-time high at $2.69. Polygon is down by roughly 35% from the record high while it recovers from the recent crypto market crash.
