POL (ex-MATIC) Price: Bullish Trend May Continue After a Pullback

Buyers are surpassing sellers in Polygon market

POL (ex-MATIC) Price Analysis – 05 May

POL (ex-MATIC) may be able to advance to the $0.28 and $0.32 difficulty levels after overcoming the $0.24 barrier. The market might be able to breach the $0.18 support level and expose itself to the $0.17 and $0.12 levels if sellers can create some momentum.

Key Levels:

Resistance levels: $0.24, $0.28, $0.32

Support levels: $0.18, $0.17, $0.12

POL (ex-MATIC) Long-term Trend: Bullish

POL (ex-MATIC) is inclining. The coin’s value bottomed on April 08 at $0.17 before beginning to incline. Something occurred at the designated threshold after the price fall. $0.16 was retested after two days price rise. Customers are avoiding additional market declination. The first floor was set aside for the bears. When buyers increased their pressure, the currency bounced back from its lowest point at the $0.17 support level. At the moment, bulls are attempting to overcome the $0.24 barrier.

The market is gradually being taken over by bulls when POL is trading above the Hull Suite crypto signals indicator. POL (ex-MATIC) may be able to advance to the $0.28 and $0.32 difficulty levels after overcoming the $0.24 barrier. The market might be able to breach the $0.18 support level and expose itself to the $0.17 and $0.12 levels if sellers can create some momentum.

POL (ex-MATIC) -term Trend: Bullish

The four-hour inclination of a POL is displayed. On the 4-hour time frame, a fairly bullish engulfing candle pattern was formed as a result of the price movement over the previous two weeks around the $0.18 level. The trend was increasing. In the market, bulls are surpassing bears. The trend overcame the dynamic resistance structure in spite of the bears’ resistance, indicating an aggressive beginning to the bullish phase.

A premium price seems reasonable considering that Hull Suite is currently less expensive than POL (ex-MATIC). The QQE MOD indication is higher than zero when contract fulfillment is possible.

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