June 22 (Cointime) - Polygon's MATIC price is attempting to recover after a major decline from above $0.80. The price is currently trading above $0.64 and the 100 simple moving average (4 hours), with a potential rise towards the $0.725 and $0.750 resistance levels.

A break above the $0.725 resistance zone could lead to further recovery, with the next major resistance near $0.78. However, a failure to rise above the $0.725 resistance level could result in a fresh decline towards the $0.625 and $0.60 support levels.