Polygon Price Analysis: MATIC finds support above $0.50, ready to move higher?

TL;DR Breakdown Polygon price analysis is bullish for today.MATIC/USD saw further decline overnight.Support found above $0.50. Polygon price analysis is bullish for today as the market saw another decline, this time to the $0.50 mark, and showed bullish reaction signs from there. Therefore, we expect MATIC/USD to move higher later today and return above the $0.60 previous major support. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with mixed results over the last 24 hours as bullish momentum starts to pick up again today. The market leader, Bitcoin, trades flat, with a small loss of 0.02 percent, while Ethereum is in the red, with a loss of 1.52 percent. Polygon price movement in the last 24 hours: Polygon retraces to $0.50 support MATIC/USD traded in a range of $1.02 – $1.16, indicating strong volatility over the last 24 hours. The trading volume has increased by 8.46 percent and totals $1.19 billion, while the total market capitalization trades around $7.65 billion, ranking the coin in 21st place overall. MATIC/USD 4-hour chart: MATIC look to return above $0.60?  On the 4-hour chart, we can see Polygon price action starting to push back towards the $0.60 previous major support. MATIC/USD 4-hour chart. Source: TradingView Polygon price action traded in the red over the past weeks. After a strong spike higher to $1.35 at the beginning of September, an equally strong retracement foll...