Polygon Price Prediction: MATIC at $1.20 support, set for a drop today?

TL;DR Breakdown Polygon price prediction for the next 24-hours is bearish.The current price of the coin is down by 0.53%, at $1.17.In the last 24-hours, MATIC/USDT rose to the highest, $1.16, the lowest being $1.03. Polygon price prediction for today is bearish as the coin is currently below the resistance at $1.145. The bulls were not able to break above this resistance level. The rising selling pressure shows that the price of the coin is down by 0.53%. Although, we can see that the price of Bitcoin has strengthened on the 4-hour chart at $43K. Bitcoin retested the $41K price level quite a number of times in the past weeks. A continuous upward journey for the king of cryptocurrencies suggests that the bearish trend will be over if Bitcoin continues to move towards the $50K level. If BTC hits further resistance levels, we can expect the entire altcoins market to surge to newer heights as well. Market experts claim that until BTC is above the $40K price level, the month of October remains bullish. The precious data extracted from Coinmarketcap indicates that MATIC/USDT has experienced a 3.02 percent decrease in trading volume as the cryptocurrency is down by 3.02%. The market dominance rate of Polygon is 0.39 as the market cap dropped by 0.67. This data makes it clear that the current Polygon price prediction is bearish, and if the trend is supported by sell-off, we might see lower prices. Polygon price prediction: Technical ...