Polygon (MATIC) is currently attempting to break through the resistance level of $0.64, with the potential to rise above $0.70. However, the altcoin is trading in the overbought zone and may face a decline if it is rejected at the $0.64 level. Despite this, the altcoin is still trading below the high at $0.65. In the long term, the forecast for Polygon (MATIC) is bullish. The price of MATIC recently surpassed the support level of $0.50 and the moving average line at $0.58. It reached a high of $0.64 but was rejected, similar to what happened in August when it fell into a range-bound zone. The analysis of the Polygon indicator shows that the cryptocurrency’s price bars are currently above the moving average lines, indicating an uptrend. The 21-day line of the blue SMA has crossed above the 50-day line of the red SMA, further supporting the uptrend. In terms of technical indicators, 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. Looking ahead, Polygon has entered the overbought area of the market and was rejected at the $0.65 level. The price movement on the 4-hour chart shows a series of higher highs and lower lows, with a stall at $0.65. Coinidol.com previously reported that Polygon’s price has been limited to a range between $0.50 and $0.58 since August 17. Please 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.