Polygon [MATIC] has trended higher in the past two weeks, but both momentum and demand have slowed down in the past 36 hours.
This did not see an immediate positive reaction from the prices. Instead, on 30 June, MATIC retraced its recent gains and fell from $0.669 to $0.61.
They showed that the 50% and 61.8% retracement levels were tested on 28 June as support before MATIC prices rebounded higher. Therefore, the price action showed that further gains toward the 23.6% extension level at $0.747 were possible.
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