Altcoins bleeding (MATIC)

Matic also looks like it is about to correct. The current level has a lot of support relative to other recent areas. After rejecting the .5 fib the token could fall rather harshly here. 2 EMAs are alrdy fully pointing downward and the longer term averages are coiling. RSI broke long-term trend and volume has fallen harshly. Matic could fall as low as 65 cents.