Matic Long term trendlines

If the long term support trendline holds, the price is likely to bounce back to 240-250 sat area. If the trendline brokes, there is a support at 166 sats.
RSI is oversold on 4h chart and on a daily chart is about to step into oversold territory.

Commentaire:

As i mentioned, if trendline brokes next support is at 166, and since btc decided to make a bold move alts naturally started to bleed and the 166 support i mentioned held nicely (price reached 168 - very close). If btc stabilizes we can see a slow upwards movement.

This is not a financial advice, DYOR!