Polygon Price Analysis: MATIC moves lower again, rejection is seen at $1.05

TL;DR Breakdown Polygon price analysis is bullish for today.MATIC/USD rejects further downside at $1.05.Polygon is ready to move higher. Polygon price analysis is bullish today as a further downside was rejected yesterday after an intense bearish pressure. Therefore, we expect MATIC/USD to see reversal last weekend, with bulls likely targeting the $1.25 mark next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with mixed results over the last 24 hours. The market leader, Bitcoin is up by 0.15 percent, while Ethereum remains almost flat, with a small loss of 0.01 percent. Tezos (XTZ) is the best performer from the major altcoins, with a gain of 8.5 percent. Polygon price movement in the last 24 hours: Polygon retests previous low above $1 MATIC/USD traded in a range of $1.09 – $1.15, indicating mild volatility over the last 24 hours. The total trading volume has decreased by 10.94 percent and totals $769.3 billion. Meanwhile, the total market cap trades around $7.5 billion, ranking the coin in 21st place overall. MATIC/USD 4-hour chart: MATIC ready to reverse? On the 4-hour chart, we can see another rejection for the downside, indicating an upcoming reversal. MATIC/USD 4-hour chart. Source: TradingView Polygon price action has traded with strong volatility so far this month. After the market price peaked at around $1.80 on the 6th of September, a drop of more than 30 percent followed. Suppo...