The MATIC price which showcased a gigantic rally always maintained the lower support along the uptrend line. And currently in a higher time frame, cements itself around the line and waiting for a fine flip to mark a rebound firmly. However, in the short time frame, the MATIC price appears to be in a decisive phase, where-in a small wrong move may drag the price down towards $1.2

At present the prie is trading in between the immediate resistance and support levels of $1.52 and $1.4 and within a symmetrical triangle

The asset recently faced rejection from the upper resistance and quickly plunged hard breaking the initial support levels, however, flip hard before testing the next support levels.

Considering the symmetrical triangle, the price is expected to consolidate for another couple of days until it reaches the apex

Later a huge possibilities of rebounding towards the higher resistance is likely, failing to which the lower support at $1.2 may hold the price tightly.