POL (ex-MATIC) Is Targeting $0.30 Support Level

Bears are dominating

POL (ex-MATIC) Price Analysis – 04 November

POL (ex-MATIC) may be able to advance to the $0.43 and $0.47 difficulty levels after overcoming the $0.35 barrier. The market might be able to break below the $0.30 support level and expose itself to the $0.25 and $0.4720 levels if sellers can get some momentum

Key Levels:

Resistance levels: $0.35, $0.43, $0.47

Support levels: $0.30, $0.25, $0.20

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

The movement of POL (ex-MATIC) seems to be bearish. The coin’s value began to decline on June 7 and fell as low as $0.39 on August 5. Something occurred at the $1.27 mark following the contestants’ match. $0.39 is still required despite the three-week cost reduction. Customers are avoiding more market losses. Bulls inhabited the first level that was assigned. The price dropped as sellers increased their pressure as the currency tried to test the support level of $0.30. Bulls were now opposing the target, which was the prior low level of $0.30. At the moment, it is worth $0.30.

Bears are in charge of the market when POL is trading below the Hull Suite crypto signals indicator. POL (ex-MATIC) may be able to advance to the $0.43 and $0.47 difficulty levels after overcoming the $0.35 barrier. The market might be able to break below the $0.30 support level and expose itself to the $0.25 and $0.4720 levels if sellers can get some momentum.

POL (ex-MATIC) -term Trend: Bearish

The four-hour declination of a POL is displayed. On the 4-hour time frame, a small bearish engulfing candle pattern was formed as a result of the price action that took place last week around the $0.35 level. The upward trajectory reverted. The market was lost by bulls to bears. The trend is testing $0.30 despite buyers’ resistance, which could signal the end of the negative phase.

A premium price seems reasonable considering that Hull Suite is currently less expensive than POL (ex-MATIC). The QQE MOD indicator could be greater than zero when there is a possibility of contract fulfillment.

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