POL (ex-MATIC) May Experience a Bullish Reversal at $0.30 Level

Bulls are opposing Bears

POL (ex-MATIC) Price Analysis – 28 October

After breaking through the $0.30 barrier, POL (ex-MATIC) might be able to move on to the $0.25 and $0.20 difficulty levels. If buyers can get some momentum, the market may be able to break above the $0.35 resistance level and expose itself to the $0.43 and $0.47 levels.

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

POL (ex-MATIC) appears to have a bearish movement. On June 7, the coin’s value started to drop, and on August 5, it dropped as low as $0.39. After the contestants’ match, something happened at the $1.27 mark. Even with the three-week cost reduction, $0.39 is still needed. More market losses are being avoided by customers. The first level allotted was occupied by bulls. As the currency attempted to test the $0.43 resistance level, sellers gain more pressure and the price reduced. The target, the previous high level of $0.43, was now being opposed by bears. Its value currently is $0.30.

When POL is trading below the Hull Suite crypto signals indicator, bears are in control of the market. After breaking through the $0.30 barrier, POL (ex-MATIC) might be able to move on to the $0.25 and $0.20 difficulty levels. If buyers can get some momentum, the market may be able to break above the $0.35 resistance level and expose itself to the $0.43 and $0.47 levels.

POL (ex-MATIC) -term Trend: Bearish

A POL’s four-hour declination is shown. The price action that occurred last week around the $0.35 level resulted in the formation of a modest bearish engulfing candle pattern on the 4-hour time frame. The upward trend reversed. Bulls lost the market to bears. Despite buyers’ resistance, the trend is testing $0.30, which may indicate the end of the negative period.

Given that Hull Suite is currently less expensive than POL (ex-MATIC), a premium price seems fair. When there is a chance of contract fulfillment, the QQE MOD indicator may be higher than zero.

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