Polygon holds the 17th position on CoinGecko right now. MATIC price prediction 2022 explained below with a daily time frame.
A descending channel is a pattern formed from two downward trend lines drawn above and below the price indicating the resistance and support levels. It is a bearish pattern defined by a trend line that supports a series of lower lows and a diagonal resistance level that connects low highs.
Currently, MATIC is at $1.62. If the pattern continues, the price of MATIC might reach the resistance level to $2.906. If the trend reverses, then the price of MATIC may fall to $1.298.