MATIC drops to support of $1.35 on Saturday, now 10 cents away from a 2-month low.
This came as both RUNE and LUNA also dropped, and traded by as much as 5% lower to start the weekend.During what has been a bearish start to the weekend, MATIC was one of the biggest losers so far in Saturday’s session.
As of writing, Saturday saw MATIC/USD drop to a bottom of $1.35, which is also its long-term floor, and is now around $0.10 away from a two-month low.Today’s selloff comes following strong gains on Friday, however bullish momentum eased, as prices ran into the ceiling. MATIC has mostly consolidated between $1.35 and $1.50 during the month of April, and as market uncertainty continues, it looks like we may end the month trading within this range.There was no rebound in price for RUNE, which fell for a fourth consecutive session to start the weekend.
However, since then momentum has only faded, with the mid-term 25-day moving average now firmly lower, as it continues to trend downward.One positive for bulls however, is that this downward descent is helping increase the chances of a cross with the 10-day , which could help trigger a rebound.
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