MATIC, the native token of the Polygon network, is trading at $0.38 and sits below all of its major moving averages — a technical setup known as a bearish moving average stack. The crypto analytics platform CoinCodex expects the token to keep falling, projecting an end-of-June price of $0.0753. That target implies a drop of roughly 80% from current levels.
Bearish moving average stack
A moving average stack forms when shorter-term averages trade below longer-term ones, indicating sustained downward momentum. For MATIC, this configuration is in place across multiple time frames, suggesting sellers have been in control. Traders often view this pattern as a sign that the token could continue to face pressure until the stack unwinds or the price breaks above a key average.
The CoinCodex forecast
The $0.0753 target from CoinCodex would represent a steep decline from today's $0.38. While price predictions are not guarantees, the projection underscores the current bearish sentiment surrounding MATIC. The forecast sets a specific end-of-June deadline, giving investors a concrete timeframe to watch.
The token has struggled to gain traction in recent sessions, with the moving averages acting as resistance. Without a catalyst to reverse the trend, the path of least resistance remains lower, according to the technical setup described by the data.
Whether MATIC can hold above support or slides toward the CoinCodex target will become clearer in the weeks ahead. The end-of-June deadline stands as the next key point on the calendar for holders tracking the price action.
