Polygon price continues on a downward trend after the recent breakout to the upside following the May market crash.
While the trading volume of Matic has been in decline, the scaling solution could be anticipating a sharp trend reversal.
The falling wedge pattern suggests that Polygon could see a rally of 44% of buying pressure rises.
Polygon price has been slowly declining and is down by 42% following the swift rebound to the reaction high of $2.43 from the May correction. While Matic price action appears to be heading south, the Ethereum-based scaling cryptocurrency is raising the probability of a sharp trend reversal to the upside.