Polygon (MATIC) has experienced a significant uptrend, reaching a high of $0.95. However, the market has now entered the overbought zone, indicating that further gains for the cryptocurrency are unlikely. If sellers emerge in this territory, Polygon is at risk of a decline. The altcoin is currently trading above the moving average lines, but it has reached bullish exhaustion. The next move for Polygon is uncertain, as bulls have not been able to break above the overhead resistance since May. Last week, Coinidol.com predicted that the altcoin could rise to a high of $0.76 or the 1.618 Fibonacci extension level. It is important for readers to conduct their own research before making any investment decisions.