MATIC held at $0.38 Monday, testing a make-or-break support level as traders watched the cryptocurrency’s next move. The token’s Relative Strength Index stood at 38, hinting at potential short-term upward pressure. A sustained move above $0.45 resistance could clear immediate bearish pressure.
Support Level in Focus
The $0.38 price mark has become a critical barrier for MATIC after weeks of downward pressure. Hold this level and traders see room for a bounce. Fail it and the token could drop toward $0.30 support. No major trading platform reported significant liquidations at this level Monday, but volumes showed growing interest near the support zone. Polygon’s native token has been under pressure since falling from $0.50 last month.
RSI Flashes Relief Signal
The RSI reading of 38 suggests MATIC is approaching oversold territory without fully entering it. That often precedes short-term rallies as buyers step in to capture discounted prices. The indicator hasn’t dropped below 30—a common oversold threshold—but the current reading aligns with historical patterns where MATIC found temporary footing. This isn’t a buy signal but a sign that downward momentum may ease soon.
Key Levels to Watch Next
Traders are now looking at $0.45 as the immediate resistance zone. A clean break above that level could trigger the relief rally hinted at by the RSI. Conversely, if $0.38 gives way, the next major support test sits at $0.30. Volume data shows little buying interest above $0.40 currently, making the path to resistance steeper. The $0.30 level held during last month’s dip but would face serious pressure if $0.38 breaks.
What Happens After the Break
If MATIC breaks through $0.45, the next resistance zone appears around $0.50—the level it held for most of August. A drop below $0.38 would likely accelerate selling as automated stop-loss orders activate. The RSI must rise above 45 to confirm any lasting upward move. Right now, the market is paused, waiting for the next catalyst to push prices in either direction. Polygon’s upcoming network upgrade remains weeks away and isn’t influencing current price action.
The next major price decision point comes if MATIC holds above $0.38 for 48 hours while volume increases; that could trigger the short-term rally traders are watching.
