The price of Matic has been selling off for a week straight now. The selling pressure kicked off when price broke down out of the descending triangle If you are not familiar with Matic it is the token associated with the polygon network. ## Diver Down!  Looking at the chart above you can see the aforementioned descending triangle and the break of support at the $1.05 area. Since then price has sold off toward the next clear support level of 70 cents. That was the last area of consolidation in May before price leveled up and went on its moonshot. In fact many coins look like this where they are just one last sell off to doing a full roundtrip from the moonshots made earlier this year. If 70 cents was to be reached and breached then the next support level is around 30 cents. As for upside, price needs to get some legs and make a run at the $1.05 area as it now represents the nearest upside resistance. The silver lining is volume has been very low on this sell off, so it seems more like there are no buyers present as opposed to massive selling. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/matic-token-sell-off-continues)
| author | scaredycatguide |
|---|---|
| permlink | matic-token-sell-off-continues |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["matic","crypto","money","alchemist","palnet","trading","leofinance"],"canonical_url":"https://leofinance.io/@scaredycatguide/matic-token-sell-off-continues","image":["https://images.hive.blog/DQmc8cHCZsyfTPijswpnC4jwNTix6LCb9hUeRjWCwpukHVp/image.png"]} |
| created | 2021-07-17 18:00:42 |
| last_update | 2021-07-17 18:00:42 |
| depth | 0 |
| children | 6 |
| last_payout | 2021-07-24 18:00:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 9.702 HBD |
| curator_payout_value | 9.676 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 1,280 |
| author_reputation | 985,652,107,774,012 |
| root_title | "Matic Token Sell Off Continues" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 104,977,974 |
| net_rshares | 41,694,653,976,388 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| gerber | 0 | 26,651,191,656 | 6% | ||
| ezzy | 0 | 1,162,607,661 | 6% | ||
| ssjsasha | 0 | 461,975,186,748 | 100% | ||
| arcange | 0 | 113,251,278,630 | 2% | ||
| exyle | 0 | 52,346,309,314 | 6% | ||
| raphaelle | 0 | 1,359,169,240 | 2% | ||
| jphamer1 | 0 | 8,456,637,076,227 | 100% | ||
| shanghaipreneur | 0 | 20,434,729,121 | 25% | ||
| scaredycatguide | 0 | 37,579,004,062 | 100% | ||
| elguille | 0 | 23,103,384,861 | 80% | ||
| themonetaryfew | 0 | 1,759,807,691,047 | 100% | ||
| planosdeunacasa | 0 | 538,445,199 | 6% | ||
| mitchelljaworski | 0 | 16,777,533,074 | 100% | ||
| builderofcastles | 0 | 24,377,810,055 | 25% | ||
| walterjay | 0 | 4,161,115,799 | 0.35% | ||
| steemitboard | 0 | 7,820,516,991 | 2% | ||
| danielsaori | 0 | 896,224,518,368 | 100% | ||
| eirik | 0 | 10,335,364,537 | 100% | ||
| itinerantph | 0 | 1,305,953,326 | 5% | ||
| pastzam | 0 | 191,876,644,173 | 24% | ||
| choogirl | 0 | 23,917,527,976 | 30% | ||
| dune69 | 0 | 39,881,531,970 | 5.4% | ||
| iansart | 0 | 12,597,463,275 | 6% | ||
| opinizeunltd | 0 | 11,356,468,737 | 75% | ||
| scooter77 | 0 | 49,211,021,869 | 100% | ||
| stevelivingston | 0 | 161,970,785,198 | 50% | ||
| dkmathstats | 0 | 93,644,006,006 | 70% | ||
| spectrumecons | 0 | 1,186,659,009,919 | 22% | ||
| forexbrokr | 0 | 46,886,207,494 | 100% | ||
| toofasteddie | 0 | 65,430,566,540 | 13.5% | ||
| captainquack22 | 0 | 116,811,511,335 | 100% | ||
| shitsignals | 0 | 2,857,453,225 | 6% | ||
| themarkymark | 0 | 3,234,492,286,680 | 10% | ||
| dineroconopcion | 0 | 516,402,232 | 6% | ||
| buggedout | 0 | 2,820,480,839,192 | 100% | ||
| zonabitcoin | 0 | 527,567,346 | 6% | ||
| jeanlucsr | 0 | 1,025,038,532 | 0.6% | ||
| valchiz | 0 | 1,673,094,757 | 30% | ||
| felander | 0 | 29,142,063,412 | 6% | ||
| buildawhale | 0 | 7,181,896,102,052 | 10% | ||
| yogacoach | 0 | 5,564,443,029 | 6% | ||
| yabapmatt | 0 | 2,799,913,736,492 | 100% | ||
| makerhacks | 0 | 34,940,271,922 | 10% | ||
| jondoe | 0 | 511,939,328 | 100% | ||
| vegoutt-travel | 0 | 17,694,360,872 | 22% | ||
| caladan | 0 | 18,849,364,684 | 5.4% | ||
| diverse | 0 | 415,161,216 | 100% | ||
| emrebeyler | 0 | 109,764,211,459 | 6% | ||
| funt33 | 0 | 626,687,991 | 100% | ||
| andyblack | 0 | 30,625,500,897 | 50% | ||
| hungryhustle | 0 | 1,663,201,202 | 50% | ||
| upmyvote | 0 | 6,881,293,702 | 10% | ||
| kevinli | 0 | 3,067,472,965 | 100% | ||
| edicted | 0 | 7,265,649,508,431 | 100% | ||
| videosteemit | 0 | 56,958,103,169 | 100% | ||
| letshodl | 0 | 805,955,964 | 100% | ||
| unconditionalove | 0 | 694,526,325 | 3% | ||
| moeenali | 0 | 7,012,288,115 | 1% | ||
| pkocjan | 0 | 2,937,992,695 | 4.8% | ||
| ravisarikonda | 0 | 5,638,821,760 | 100% | ||
| thebluewin | 0 | 317,348,006,904 | 100% | ||
| bozz | 0 | 39,088,665,282 | 5% | ||
| movement19 | 0 | 1,145,622,940 | 2.5% | ||
| ladysalsa | 0 | 1,126,070,722 | 6% | ||
| reazuliqbal | 0 | 33,873,057,464 | 6% | ||
| bestboom | 0 | 1,517,941,263 | 6% | ||
| onepercentbetter | 0 | 1,305,538,088 | 1% | ||
| stmdev | 0 | 392,525,218 | 10% | ||
| knowhow92 | 0 | 14,929,307,605 | 25% | ||
| juanmanuellopez1 | 0 | 1,264,093,398 | 6% | ||
| freddio | 0 | 40,626,817,226 | 15% | ||
| jemmanuel | 0 | 15,929,483,394 | 50% | ||
| phasewalker | 0 | 46,272,555,483 | 100% | ||
| gogreenbuddy | 0 | 308,582,259,927 | 10% | ||
| laloretoyya | 0 | 1,387,010,611 | 6% | ||
| rollandthomas | 0 | 6,549,597,135 | 5% | ||
| acesontop | 0 | 114,511,841,460 | 100% | ||
| trumpman2 | 0 | 3,221,538,431 | 30% | ||
| steem.services | 0 | 6,288,709,099 | 1.5% | ||
| therabbitzone | 0 | 914,229,373 | 50% | ||
| merlion | 0 | 19,195,265 | 1% | ||
| simplegame | 0 | 32,751,142,592 | 100% | ||
| swisswitness | 0 | 3,691,397,148 | 6% | ||
| emsonic | 0 | 2,445,899,290 | 3% | ||
| dalz | 0 | 211,361,782,047 | 30% | ||
| dlike | 0 | 39,598,552,659 | 6% | ||
| kofie | 0 | 223,393,089 | 100% | ||
| engrave | 0 | 108,729,947,011 | 4.8% | ||
| pboulet | 0 | 868,613,624 | 0.7% | ||
| bobby.madagascar | 0 | 544,685,282 | 1.5% | ||
| guurry123 | 0 | 383,497,545 | 2% | ||
| harpreetjanda | 0 | 443,692,854 | 2% | ||
| berthold | 0 | 1,886,542,842 | 6% | ||
| steempope | 0 | 424,220,505 | 70% | ||
| conectionbot | 0 | 1,475,457,828 | 37.5% | ||
| followjohngalt | 0 | 19,375,268,119 | 5.4% | ||
| michealb | 0 | 288,952,706,063 | 100% | ||
| cakemonster | 0 | 3,723,018,129 | 3% | ||
| svirus | 0 | 0 | 100% | ||
| mrsbozz | 0 | 12,715,513,840 | 50% | ||
| permaculturedude | 0 | 2,523,613,041 | 6% | ||
| blockbeard | 0 | 2,035,331,085 | 100% | ||
| limka | 0 | 364,269,944 | 64.59% | ||
| leeyh2 | 0 | 26,253,225,187 | 100% | ||
| hungrybear | 0 | 0 | 1% | ||
| haikusailor | 0 | 527,732,087 | 6% | ||
| dknkyz | 0 | 13,917,466,083 | 40% | ||
| thelogicaldude | 0 | 17,251,150,425 | 10% | ||
| mfblack | 0 | 2,972,128,870 | 5.7% | ||
| krunkypuram | 0 | 1,648,907,971 | 100% | ||
| crazydaisy | 0 | 356,662,338 | 100% | ||
| imagenius | 0 | 729,076,533 | 6% | ||
| haxxdump | 0 | 119,139,321 | 10% | ||
| bagofincome | 0 | 2,726,021,966 | 100% | ||
| dalz1 | 0 | 679,382,031 | 50% | ||
| milu-the-dog | 0 | 2,771,113,800 | 6% | ||
| triplea.bot | 0 | 1,662,534,574 | 6% | ||
| tiffin | 0 | 600,716,369 | 6% | ||
| steem.leo | 0 | 38,402,774,145 | 6% | ||
| abh12345.leo | 0 | 2,549,475,237 | 50% | ||
| empoderat | 0 | 1,080,644,570,030 | 50% | ||
| penpals | 0 | 1,130,509,021 | 100% | ||
| nathangraham | 0 | 1,114,788,956 | 100% | ||
| leoaction | 0 | 306,490,317 | 100% | ||
| leoup | 0 | 63,118,487 | 100% | ||
| scaredycatcurate | 0 | 6,383,939,113 | 100% | ||
| babytarazkp | 0 | 8,970,454,368 | 85% | ||
| asteroids | 0 | 650,363,863 | 5.4% | ||
| helengutier2 | 0 | 8,113,017,092 | 6% | ||
| botante | 0 | 1,337,005,732 | 0.9% | ||
| brutoken | 0 | 2,130,091,181 | 100% | ||
| pouchon.tribes | 0 | 123,539,209,858 | 100% | ||
| claudio83.leo | 0 | 598,680,431 | 100% | ||
| urun | 0 | 51,267,768,199 | 100% | ||
| maxuvd | 0 | 115,318,633,444 | 30% | ||
| pal.alfa | 0 | 137,123,639 | 100% | ||
| bruleo | 0 | 703,781,523 | 100% | ||
| spinvest-leo | 0 | 1,486,120,131 | 5% | ||
| oelgniksivart | 0 | 839,183,788 | 30% | ||
| bilpcoin.pay | 0 | 2,443,739,781 | 50% | ||
| rosa.leo | 0 | 1,991,407,381 | 100% | ||
| gerbo | 0 | 24,059,237 | 6% | ||
| snoochieboochies | 0 | 3,770,274,123 | 30% | ||
| khalpal | 0 | 2,019,329,587 | 100% | ||
| empoderat.leo | 0 | 84,781,655 | 50% | ||
| ribary | 0 | 2,041,533,771 | 3% | ||
| leomaniacsgr | 0 | 852,333,778 | 50% | ||
| toni.pal | 0 | 140,631,885 | 15.62% | ||
| mice-k | 0 | 1,575,242,040 | 6% | ||
| platino94 | 0 | 0 | 50% | ||
| curamax | 0 | 472,096,419 | 6% | ||
| achim03.leo | 0 | 1,924,916,585 | 100% | ||
| dpend.active | 0 | 1,239,852,890 | 1.2% | ||
| monica-ene | 0 | 11,815,027,968 | 9% | ||
| fengchao | 0 | 6,412,246,782 | 2% | ||
| laruche | 0 | 31,497,807,348 | 0.7% | ||
| penned-bullshit | 0 | 615,778,027 | 80% | ||
| polish.hive | 0 | 14,735,880,710 | 6% | ||
| captainhive | 0 | 461,674,897,420 | 22% | ||
| jacoalberts | 0 | 6,095,738,980 | 100% | ||
| dcityrewards | 0 | 207,470,324,695 | 6% | ||
| hive-143869 | 0 | 1,216,447,034 | 0.7% | ||
| hivelist | 0 | 1,833,322,648 | 0.6% | ||
| poshbot | 0 | 2,702,815,005 | 10% | ||
| hivecur | 0 | 11,282,715,113 | 6% | ||
| notaboutme | 0 | 1,979,236,047 | 100% | ||
| zkalemiss.leo | 0 | 1,906,246,409 | 100% | ||
| recoveryinc | 0 | 3,761,026,780 | 5% | ||
| loyr2611 | 0 | 0 | 100% | ||
| dying | 0 | 2,901,643,713 | 5% | ||
| cmplxty.leo | 0 | 130,210,128 | 100% | ||
| senseiphil | 0 | 1,503,937,753 | 1% | ||
| keigrerii | 0 | 861,590,211 | 100% | ||
| nolyoi | 0 | 6,923,530,862 | 50% | ||
| curatorcat.leo | 0 | 2,782,766,944 | 100% | ||
| resiliencia.leo | 0 | 1,824,331,120 | 100% | ||
| minebb | 0 | 2,059,356,314 | 100% | ||
| gungunkrishu.leo | 0 | 2,866,173,276 | 100% | ||
| netaterra.leo | 0 | 870,839,611 | 25% | ||
| nathen007.leo | 0 | 603,223,206 | 100% | ||
| leoschein | 0 | 2,262,875,932 | 100% | ||
| gualteramarelo | 0 | 25,656,519,286 | 100% | ||
| eth2 | 0 | 2,043,258,162 | 100% | ||
| hivechat | 0 | 907,952,999 | 3% | ||
| he-index | 0 | 10,031,820,579 | 20% | ||
| hodol | 0 | 1,988,182,591 | 100% | ||
| emrebeyler.leo | 0 | 1,520,943,410 | 100% | ||
| sharkleo | 0 | 578,160,383 | 25% | ||
| ctpsb.leo | 0 | 708,079,495 | 100% | ||
| ravthijo | 0 | 5,783,416,387 | 73.6% | ||
| ammonite.leo | 0 | 1,141,316,330 | 100% | ||
| ikaro | 0 | 2,409,403,947 | 50% | ||
| ctpsb.cut | 0 | 715,311,848 | 20% | ||
| shurbertum | 0 | 295,121,529 | 50% | ||
| krishu.pal | 0 | 619,732,701 | 100% | ||
| samrisso | 0 | 5,991,533,608 | 5% | ||
| deliveries | 0 | 2,029,627,068 | 100% | ||
| tfranzini | 0 | 6,311,625,400 | 15% | ||
| jackedup | 0 | 1,985,878,678 | 100% | ||
| meowcurator | 0 | 740,893,392 | 70% | ||
| dugsix | 0 | 1,672,864,275 | 100% | ||
| zdigital222 | 0 | 204,006,062 | 97% | ||
| phul | 0 | 8,551,526,447 | 50% | ||
| mayor333 | 0 | 13,854,159,198 | 100% | ||
| bhealy | 0 | 2,019,392,059 | 100% | ||
| thewing | 0 | 1,960,279,158 | 100% | ||
| regenerette | 0 | 11,349,606,202 | 31% | ||
| generatornation | 0 | 1,024,603,054 | 100% | ||
| darinapogodina | 0 | 0 | 100% | ||
| kriptofreedom | 0 | 0 | 100% | ||
| maurofolco | 0 | 1,671,865,419 | 100% | ||
| meesterleo | 0 | 389,821,957 | 25% | ||
| hodlmi | 0 | 2,051,086,062 | 100% | ||
| dibblers.dabs | 0 | 966,130,242 | 3% | ||
| wynnb | 0 | 320,816,584 | 100% | ||
| thisismylife.leo | 0 | 356,565,719 | 100% |
What would you expect after such a rally it had. Everybody was tweeting about MATIC. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/re-scaredycatguide-6yeork)
| author | acesontop |
|---|---|
| permlink | re-scaredycatguide-6yeork |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@acesontop/re-scaredycatguide-6yeork"} |
| created | 2021-07-17 18:38:48 |
| last_update | 2021-07-17 18:38:48 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-07-24 18:38:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
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| author_reputation | 1,996,298,170,931,372 |
| root_title | "Matic Token Sell Off Continues" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 104,978,507 |
| net_rshares | 0 |
Perhaps a good opportunity time to buy Polygon? Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptowendyo/re-scaredycatguide-2afyvt)
| author | cryptowendyo |
|---|---|
| permlink | re-scaredycatguide-2afyvt |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@cryptowendyo/re-scaredycatguide-2afyvt","links":["https://leofinance.io/@cryptowendyo/re-scaredycatguide-2afyvt"]} |
| created | 2021-07-17 21:54:15 |
| last_update | 2021-07-17 21:58:48 |
| depth | 1 |
| children | 1 |
| last_payout | 2021-07-24 21:54:15 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
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| body_length | 153 |
| author_reputation | 228,040,257,548,520 |
| root_title | "Matic Token Sell Off Continues" |
| beneficiaries | [] |
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| net_rshares | 0 |
I had loaded up at 1.20 in anticipation of the polygon farming platform the cubdefi team is launching in the next couple weeks. Oh well, but when I have all that matic staked it will be all good :-) Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/re-cryptowendyo-5waoss)
| author | scaredycatguide |
|---|---|
| permlink | re-cryptowendyo-5waoss |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@scaredycatguide/re-cryptowendyo-5waoss"} |
| created | 2021-07-18 05:38:12 |
| last_update | 2021-07-18 05:38:12 |
| depth | 2 |
| children | 0 |
| last_payout | 2021-07-25 05:38:12 |
| cashout_time | 1969-12-31 23:59:59 |
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| author_reputation | 985,652,107,774,012 |
| root_title | "Matic Token Sell Off Continues" |
| beneficiaries | [] |
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| percent_hbd | 10,000 |
| post_id | 104,985,614 |
| net_rshares | 0 |
Congratulations @scaredycatguide! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) : <table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@scaredycatguide/payout.png?202107182038"></td><td>You received more than 31000 HP as payout for your posts and comments.<br>Your next payout target is 32000 HP.<br><sub>The unit is Hive Power equivalent because your rewards can be split into HP and HBD</sub></td></tr> </table> <sub>_You can view your badges on [your board](https://hivebuzz.me/@scaredycatguide) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>
| author | hivebuzz |
|---|---|
| permlink | hivebuzz-notify-scaredycatguide-20210718t210435000z |
| category | hive-167922 |
| json_metadata | {"image":["http://hivebuzz.me/notify.t6.png"]} |
| created | 2021-07-18 21:04:33 |
| last_update | 2021-07-18 21:04:33 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-07-25 21:04:33 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
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| body_length | 775 |
| author_reputation | 369,830,324,511,266 |
| root_title | "Matic Token Sell Off Continues" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 104,997,331 |
| net_rshares | 0 |
This smells like…opportunity. 😊 The chance to get Matic below a dollar? Perhaps the news about the Optimism 2nd level beta has caused some FUD about Matic/Polygon, but Polygon is so far ahead, and I think there’s enough business for both of them to win. Plus with Leofinances planned yield farm on Polygon a thousand Matic will come in handy. I just hope the price holds while I find a working ETH Polygon bridge. 🤣 Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-scaredycatguide-3sfwzi)
| author | shortsegments |
|---|---|
| permlink | re-scaredycatguide-3sfwzi |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@shortsegments/re-scaredycatguide-3sfwzi"} |
| created | 2021-07-17 22:24:33 |
| last_update | 2021-07-17 22:24:33 |
| depth | 1 |
| children | 1 |
| last_payout | 2021-07-24 22:24:33 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 523 |
| author_reputation | 680,593,005,471,476 |
| root_title | "Matic Token Sell Off Continues" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 104,981,328 |
| net_rshares | 2,267,002,920 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| amr008.leo | 0 | 2,267,002,920 | 62.96% |
Yep, all that matic I scooped at 1.20 will earn me nice yield soon, even with price down. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/re-shortsegments-2r6w5s)
| author | scaredycatguide |
|---|---|
| permlink | re-shortsegments-2r6w5s |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@scaredycatguide/re-shortsegments-2r6w5s"} |
| created | 2021-07-18 05:39:03 |
| last_update | 2021-07-18 05:39:03 |
| depth | 2 |
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| root_title | "Matic Token Sell Off Continues" |
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hiveblocks