Polygon (MATIC) May See Volatility Ahead of POL Migration
I'm seeing MATIC trade in oversold territory with an RSI near 38 as the market braces for the POL token migration on August 26. Price action is giving mixed technical signals despite recent protocol upgrades, so bullish conviction is weak right now.
I will monitor volume, support at recent lows, and how the migration newsflow unfolds before changing exposure. For now I'm cautious and expect elevated volatility around the migration date.
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