Look at the chart. In the previous market cycle,during all situations-even when #BTC dropped to 3K, Matic maintained itself in a specific ranged area. Which took 88 weeks and finally broke out the range area upside with a massive gain.

Now again,it seems to be in the same cycle and i guess it would be the bottom of Matic which can worth at least one step of buying this coin for long-term. I’ve specified my expectation for Matic on the chart and i guess it will break out the range area in probably early 2023- if takes 88 weeks again to break out the range.
This analysis would be invalid JUST IN CASE the 0.5 support is lost in weekly Time frame.

Good luck,
ElCo