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buy on weakness
TOON

MATIC Tests $0.37 Support Ahead of POL Token Migration — Reversal Possible

I see MATIC holding a critical $0.37 support level with an oversold RSI around 38, which suggests the downside momentum is easing.

The upcoming POL token migration on August 26 is a near-term catalyst that could spur volatility and potentially trigger a reversal if market reaction is positive.

However, a decisive break below $0.37 would invalidate the reversal case, so I remain cautious and focused on risk management.

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Analysis

Technically, MATIC’s price is at a key horizontal support with momentum indicators showing oversold conditions, indicating limited immediate downside but heightened sensitivity to event-driven flows; ...

Recommendation

Consider a buy-on-weakness approach: accumulate near support with tight stops below the $0.37 level and monitor event-driven volatility around the August 26 POL token migration.

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.

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