An analyst named JB, associated with the cryptocurrency analysis and trading channel Cheeky Crypto, has put forth a bearish prediction for the price of Polygon (MATIC). According to JB, MATIC's price could potentially decline to a range between $0.4458 and $0.3599 in the coming days. This bearish outlook is grounded in JB's belief that MATIC is currently in a corrective phase.

JB also suggests that before MATIC's price reaches this lower range, there might be a temporary retracement from the medium-term bearish trend. During this period, he envisions MATIC rising within the range of $0.57035 to $0.592115.

Furthermore, JB anticipates that smart money investors could start shorting MATIC once its price reaches approximately $0.543471. This potential selling pressure may, in turn, lead MATIC to decline into the previously mentioned range of $0.4458 to $0.3599, as per the analysis provided by the Cheeky Crypto analyst.

It's worth noting that at the time of writing, MATIC was trading at $0.553. This represents a significant aspect of the current market situation.