Polygon Price Analysis: What next for Polygon after breaching a 2-month low and crossing the $1.60 mark?

TL;DR Breakdown Today’s Polygon price analysis is bearish MATIC/USD traded within a daily range of $1.53 – $1.680.  Today’s Polygon price analysis is bearish only a day after breaching through a 2-month resistance and setting an all-time high at $1.68. Polygon retraced 2.56 percent on the daily chart and at least 160 percent between June 18’s low at $0.89 – August 21’s $1.68. Meanwhile, the general polygon sentiment is bullish for the medium-term and long-term as bulls aim for the $2.00 support. Polygon price movement in the last 24 -hours: Dropping volumes According to our Polygon price analysis, MATIC/USD traded within a daily range of $1.53 – $1.680. Such a tight range suggesting low volatility across the daily chart. Polygon’s trading volume faced a 14.70 percent plummet to a total of $1.328 billion. The total market capitalization stands at $10.5 billion after a 2.10 percent drop in the last 24 hours. 4-hour Polygon Price Analysis: Bulls aim for $1.80 On the 4-hour Polygon price analysis, MATIC/USD is correcting upwards and attempting to retest its daily high at $1.6890.  Polygon price aims to retest this area and resume a bullish pattern extending from August that could see the coin set an all-time high near $2.00.  The bulls seem persistent to set a new high on the 24-hour chart, but their attempts are being met by mild bearish forces. In no time, the bulls could consolidate higher...