Polygon's MATIC price is attempting to recover above the $1.00 resistance level against the US dollar after declining from above $1.12. However, it is still facing resistance near the $1.008 level and the 100 simple moving average (4 hours). If there is an upside break above the $1.008 resistance level, the price could continue to recover, with the next major resistance near $1.08 or the 50% Fib retracement level. On the downside, immediate support is near the $0.98 level, while a break below the $0.95 level could lead to a fresh decline toward $0.88, with the next major support near the $0.82 level. The MACD for MATIC/USD is gaining momentum in the bullish zone, and the RSI for MATIC/USD is now near the 50 level. (newsbtc)