Polygon's (CRYPTO:MATIC) price is struggling like other altcoins, still feeling the effects of the recent market downturn.

MATIC's recovery largely depends on its investors, who remain optimistic despite bearish signals.

The token's adoption rate holds steady at 34%, reflecting its recognised value and utility.

Positive investor sentiment persists even after recent losses, indicating strong belief in MATIC's potential.

However, the key psychological support level at $0.50 is crucial; failing to maintain it could push the price down to $0.45.

Despite this, investor confidence could drive future adoption and recovery.