Polygon (MATIC) investors are expressing doubt about a potential recovery, leading to a possible period of consolidation. Whales holding large amounts of MATIC have been selling off their assets, resulting in a decrease in price. This selling pressure from both whales and retail investors has caused a decline in transaction volume on the network. The MATIC price has been stuck between support at $0.65 and resistance at $0.75, unable to break out of this range. If bearish sentiment continues, the price could drop to $0.60; however, a change in investor outlook and increased activity on the network could lead to a bounce back towards $0.80. Overall, the market for MATIC is currently showing signs of consolidation.
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Polygon (MATIC) Whale Selling Signals Consolidation Ahead
