MATICUSDT An interesting picture is forming on the chart, which reveals short potential. Leading cryptocurrencies are in the red zone at the moment, MATIC is breaking through its upward price channel and is not returning back to the channel.
The chart clearly shows that the price is trading under a resistance zone and is currently heading for a retest of that zone.
I assume that the pressure from above will not allow the price to rise. This consolidation is a set of energy for further movement, I think that at one of the borders there may be a shake-out, after which a strong movement will begin.
Regards R.Linda!