MATIC has now been upgraded to POL. The price is around $0.078, down more than 90% from its all-time high of $1.29, which is a pretty brutal drop.

This week’s decline has been a bit sharp—down about 5%—but if you extend it to a month, it’s still slightly up: it has risen by less than 3%. That suggests the pattern is a first push up followed by a sell-off back down. The 24-hour fluctuations are not big: the high is $0.0796 and the low is $0.0781, with tight range trading.

A drop of more than 90% like this is relatively extreme among more mainstream projects, indicating the market sentiment hasn’t really been buying into it. Even the token upgrade and rebrand hasn’t managed to lift the price.

The circulating supply is basically the entire total supply, and there aren’t many new tokens coming out afterward. So sell pressure isn’t the main contradiction here; the key is whether new capital is willing to come in.

At this level, if it can hold the $0.078 range and not break lower, it will likely keep grinding through the bottom. If you want to catch the dip, you can watch around here, but be prepared that it may take quite a while. For shorting, chasing a short at this point generally isn’t great value, since it has already fallen deep enough. If there’s really going to be a turnaround, it may still depend on whether there are concrete, real positive catalysts coming next. #matic $MATIC