The Polygon token continues to display a bearish move as the price has been constantly trading in the red for a while. Further, the MATIC price has recorded a correction of over 2% within the past day and has lost over 10% during the past week, indicating a strong bear power in the crypto market. The Polygon’s MATIC token traded in a closed range between $0.8271 and $0.8678 for a while, following which the market gained momentum and the price broke out of the resistance level. The MATIC jumped over 22% in valuation, before facing rejection at $1.0611.