Polygon Price Analysis: MATIC finds support at $1.20

TL;DR Breakdown Polygon price analysis is bullish for today.MATIC/USD saw further gains overnight.The support found above $1.20. The price analysis of Polygon is favorable for today, as the market continued to fall, this time MATIC/USD bounced back from the $1.1 mark to the $1.2 support. Before demonstrating bullish reaction indicators thereon. As a result, we anticipate MATIC/USD to rise later today and regain previous major support at $0.60. Cryptocurrency heat map. Source: Coin360 Over the last 24 hours, the cryptocurrency market has been in good shape. Bitcoin is up 3.5%, while Ethereum is up 6.73%. Dogecoin, on the other hand, has had a spectacular day, increasing by 11% and outperforming all other cryptocurrencies. Polygon price movement in the last 24 hours: Polygon retraces to $1.20 support MATIC/USD traded in a range of $1.19 – $1.244, 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 $1.30  On the 4-hour chart, Polygon’s price is beginning to move back towards the $1.40 previous major support. MATIC/USD 4-hour chart. Source: TradingView Polygon’s price action has been in the red for several weeks. After a powerful rise to $1.35 at the start of September, an equal-sized re...