Here's what might curb MATIC further declines according to WhaleStats data PolygonMatic Polygon
Whale activity has been linked to a significant impact on cryptocurrency markets, including digital asset prices and market capitalization. When a large buy order is placed, the price of a particular cryptocurrency might skyrocket because it signals to the market that the asset is in greater demand.
analytics data shows that MATIC sits on top of a significant support barrier. The region between $1.55 and $1.66 may act as a backstop to further losses as more than 46,000 addresses previously purchased 3.67 billion MATIC at this demand zone.More than 46,000 addresses had previously purchased 3.67 billion
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