Please chech resistant and support of matic coin and possible bullish movement

**Polygon's MATIC coin currently exhibits a mixed market sentiment with both resistance and support levels in place.** Here's an analysis of the current situation: 1. **Current Price and Market Sentiment**: The live Polygon price today is $0.5151 USD with a 24-hour trading volume of $318569260.56 USD. The price has experienced a recent decrease of -1.62%. 2. **Technical Analysis**: - **Resistance Level**: The coin is facing resistance at the $0.72 price point, which is a significant level as it marks the highest price paid for Polygon (MATIC) recorded on Dec 27, 2021. Breaking through this level could indicate a bullish trend. - **Support Level**: The support level is currently at $0.5151 USD, which is the live price as of the latest data. This is a critical level as it represents the immediate floor for the coin's price. If the price falls below this level, it could signal a bearish trend. |Ticker|Name|Market Cap|Closing Price|Date|code|market_code| |---|---|---|---|---|---|---| |AAPL.O|Apple|3437594502760|224.18|20240718|AAPL|185| |MSFT.O|Microsoft|3272964502503.7803|440.37|20240718|MSFT|185| |NVDA.O|Nvidia|2978814000000|121.09|20240718|NVDA|185| |GOOG.O|Alphabet C|2214800760000|179.22|20240718|GOOG|185| |GOOGL.O|Alphabet A|2195893020000|177.69|20240718|GOOGL|185| |AMZN.O|Amazon.com|1912217787506.25|183.75|20240718|AMZN|185| |META.O|Meta|1207009794787.35|475.85|20240718|META|185| |BRK.A.N|Berkshire Hathaway A|952336852102.134|662820.0|20240718|BRK.A|169| |BRK.B.N|Berkshire Hathaway B|952207540477.0599|441.82|20240718|BRK.B|169| |TSM.N|TSMC|891442563246|171.87|20240718|TSM|169| 3. **Market Dynamics**: - **Market Capitalization**: Polygon has a circulating supply of 9.28B and a market cap of $6.04B. The fully diluted valuation is $9.33B, indicating a strong market presence. - **Trading Volume**: The trading volume has seen a decrease of -44.40% from one day ago, suggesting a recent drop in market activity. 4. **Potential for Bullish Movement**: - **Recent Performance**: The price has decreased by -7.10% in the last 7 days, which could be a sign of a potential correction or a pause in the bullish trend. - **Upcoming Updates**: Polygon is expected to continue developing its core technology, which could lead to increased adoption and potential bullish momentum. In conclusion, while there is potential for a bullish movement due to the project's development and the significant resistance level, the current support level is crucial. If the price can hold above the $0.5151 USD support, there is a possibility of a bullish breakout. However, if the price falls below this support, it could lead to a bearish trend. Investors should closely monitor these levels and consider the broader market sentiment before making investment decisions.