{"id":539397,"date":"2023-06-23T18:00:59","date_gmt":"2023-06-23T18:00:59","guid":{"rendered":"https:\/\/wncen.com\/?p=539397"},"modified":"2023-06-23T19:08:10","modified_gmt":"2023-06-23T19:08:10","slug":"matic-price-recovery-hits-roadblock-when-will-bulls-break-through","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic\/matic-price-recovery-hits-roadblock-when-will-bulls-break-through\/","title":{"rendered":"MATIC Price Recovery Hits Roadblock, When Will Bulls Break Through?"},"content":{"rendered":"
The MATIC price recovery has faced a hurdle in recent trading sessions, despite its impressive rebound after surpassing the $0.50 level. Although the altcoin experienced a notable 18% appreciation on the weekly chart, it lost 3% of its market value within the past 24 hours.<\/p>\n
The overall sentiment remains bearish as demand and accumulation for MATIC have remained low. While buying strength attempted to recover, it has not fully aligned with investor expectations.<\/p>\n
To reignite demand in the market, the altcoin must overcome immediate resistance levels. Surpassing these resistance levels will be key for the altcoin to rally and overcome significant barriers. The decline in MATIC market capitalization indicates a decrease in buying strength.<\/p>\n