As you can see Matic has been moving in a downward direction, and we have reached a point where our channel reaches its (lowest Low|) we might get a boost from the support line and we looking to reach higher highs for matic for the rest of the year.
Fundamental Analysis:
MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 7,701,069,511 MATIC tokens and a max supply of 10,000,000,000 MATIC tokens.
At its initial private sale in 2017, 3.8 percent of MATIC’s max supply was issued. In the April 2019 launchpad sale, another 19 percent of the total supply was sold. The...
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Matic is forming an Adam and eve bullish pattern and is currently retesting the pattern. If it successfully retest and bounce back then It is likely to form a new ATH by the end of December 2021.
