The Crypto Analyst Ali suggests that Polygon (MATIC) is currently trading within a descending triangle pattern, indicating a crucial moment for its price. The TD Sequential indicator has shown a buy signal on the weekly chart, signaling a potential rebound. The price recently hit a key support level around $0.30 before recovering to $0.31823, resulting in a 4.55% weekly gain. The overall market trend for MATIC remains bearish, with lower highs since its peak in 2021. The descending trendline acts as a strong resistance, consistently pushing the price down. The historical resistance levels will play an important role in determining MATIC's next move. The TD Sequential indicator, which has presented a "9" count, suggests trend exhaustion and could lead to reversals or continuations depending on market conditions. If the price manages to break above the descending trendline, it could indicate a shift in momentum and a potential broader recovery. However, failing to sustain above the current support zone could result in further downside movement, potentially driving the price to lower levels. Ali_charts emphasizes that MATIC's next move depends on its ability to hold above the support level and the descending triangle pattern remains a crucial factor in defining its price action.



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