Polygon’s currency price (MATICUSDT) fell in the intraday levels, while hurt by a negative divergence in the RSI after it reached overbought levels compared to the price’s movements, thus sending out negative signals, while readying to breach the pivotal support of $0.286, amid the dominance of the main downward trend, as it traded alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA. 

 

Therefore we expect more losses for the price, provided the support of $0.286 was breached, thus targeting the next one at $0.149.

 

Trend forecast for today: Bearish