Polygon's native token, MATIC, has recently reached a nine-month low, sparking concerns among investors and traders. Despite the bearish sentiment, the Moving Average Convergence Divergence (MACD) indicator hints at a potential bullish reversal in the near future. Currently, the MACD line sits just below the Signal line, signaling bearish momentum but also suggesting a possible bullish crossover. MATIC's price is currently below both the 50 and 200-period Moving Averages, indicating a short-term bearish trend. The consolidation of price levels and the anticipated MACD bullish crossover point towards a gradual strengthening of buyers, which could be crucial in revitalizing bullish activity in the altcoin market.
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