MATIC ready to break down due to unforeseen technicals

This is a very tough analysis to do as there was an anomaly of an event which shifted the technical analysis dynamics.
I guess right now the price is sideways with bearish signals for further downside.
Once we have price below the 200MA and below the support around $0.7600 it's likely for the price to continue down to $0.2550.
With the crypto-winter, lack of confidence with exchanges, regulations and finances - I wouldn't be surprised to see further downside for Altcoins like MATIC.
Bearish bias.