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Polygon (MATIC) has maintained its stance above $0.50 despite recent bearish pressure which some observers suggest could see the token fall below the support level. 



At press time MATIC trades at $0.51 after recovering a slight decline below $0.50 this month. Despite this, MATIC holders have transferred their tokens to exchanges without signs of a change in the future.

The Ethereum layer 2 network has had a slow year trading similarly with other altcoins following wider market squeezes. The token is down by 1.08% in the last 24 hours and 5.95 over the past month.
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