I am sure that the previous weeks of the investors of the polygon(Matic) coin wasn't going good. And the reason you are already seeing on the chart. Even I was also in FUD and thinking multiple time that should I sell my coin on loss because of saving some of my capital.
But thankfully it's take quick recovery it make more than 16% pump in 24h and make more 24% recovery in this week.
Even then I will ask to the communities or the polygon investor will think that it will be good idea to hold polygon for long-term or the best will be sell immediately after the recovery?
Definitely a questionable project at this point because polygons power comes from being an alternate to ETH main chain, whereas now we are seeing eth have a very small gas fee, meaning that there is no need for an alternative, so that results with people not using MATIC like they used to. This will once again find itself if ETH gas fee increases, it will allow people to buy more and more of it and use that instead, but until then MATIC seems to be staying still and not really doing much.
At the very best case, it will go up with the market and nothing more, look at the chart and you will see that it wasn't good when the market wasn't good and it was good when market recovered, nothing out of ordinary, not in a bad way nor in a good way. This has to be something that will take some time, it is going to be something that will not be all that easy to handle, we are going to end up with something that will take time to see if MATIC has anything out of ordinary market movements.