The cryptocurrency market is abuzz with the news of Polygon's dApp, Polymarket, crossing $100 million in trading volume. This surge in activity has led to increased adoption and network activity, which could positively impact the price of MATIC, Polygon's native token.

Polymarket, a prediction market dApp, has seen a significant spike in activity, with trading volumes reaching an impressive $100 million. This success is expected to attract more users and developers to the Polygon network, leading to a wider range of applications and a richer ecosystem. As more users interact with dApps, the demand for MATIC is likely to increase, driving up its price.

However, despite this success, MATIC's price has been declining since June 7, exhibiting a bearish trend. The Relative Strength Index (RSI) has also decreased, indicating a waning bullish momentum. Moreover, the overall trading volume has declined by 30% over the past month. Nevertheless, the Chaikin Money Flow (CMF) has surged significantly, suggesting a potential reversal in the price trend.

On-chain metrics reveal a decline in Network Growth, indicating a loss of interest from new addresses. This trend could negatively impact the price reversal chances. However, if the money flow persists, and MATIC manages to test the $0.5961 level, the price could aim to reclaim $0.7413 in the future.

In conclusion, Polygon's dApp success is a promising sign for the ecosystem, and MATIC's price could benefit from increased adoption and network activity. While the current trends may seem bearish, the surge in money flow and potential reversal could lead to a brighter future for MATIC. As always, investors should exercise caution and conduct thorough research before making any investment decisions.