MATIC price rallied nicely off some levels that weighed heavily to the downside. Bulls were mainly on the sidelines, and bears were actively shorting – for good reasons.

Polygon (MATIC) has fallen back into the red lower part of the bandwidth after trading mainly in the blue area and even above in the last part of 2022.

If you’re wondering what MATIC tokens are and whether the Matic Network and Polygon are the same thing or not, don’t worry. You’re not alone...

MATIC price is in a tough spot due to its upswings in the last week of December 2021. Although Polygon could see an uptrend, the bulls will face an extremely resilient resistance barrier that will likely stop Polygon dead in its tracks.