Polygon (MATIC) has been experiencing a period of sideways trading following a rally on November 14. The cryptocurrency initially dropped to a low of $0.72 before entering a sideways movement. According to Coinidol.com’s cryptocurrency price analysis, the decline may continue to reach a low of $0.66 or fall below the 50-day simple moving average. Although Polygon has seen an upward correction above the moving average lines, this has been rejected. If the price falls below the 21-day SMA, selling pressure is expected to resume. Currently, Polygon is trading at $0.80, and if the 21-day SMA support is broken, the negative downtrend is likely to continue. The 4-hour chart shows that the moving average lines are sloping horizontally due to the ongoing sideways trend. The resistance levels for Polygon are $1.20, $1.30, and $1.40, while the support levels are $0.60, $0.40, and $0.30. The next move for Polygon is expected to be a further decline towards the targeted low of $0.66, provided that the bears manage to break through the current support. It is important to note that this analysis and forecast are the personal opinions of the author and should not be considered as a recommendation to buy or sell cryptocurrency. Readers are advised to conduct their own research before making any investment decisions.