MATIC Oversold but Risky Ahead of POL Migration
I see MATIC trading in oversold territory with RSI around 38 while the market waits for the POL token migration scheduled for August 26. The upgrade news is positive, but price action is sending mixed technical signals.
I am cautious because protocol improvements may not prevent short-term volatility during the migration event. Technical indicators suggest downside risk until the market digests the change.
I will monitor on-chain and price confirmation before committing to new positions and avoid adding size ahead of the migration unless a clear support and reversal appear.
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Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.