POL (ex-MATIC) Price: Bearish Movement May Continue

$0.19 Support Level may be penetrated

POL (ex-MATIC) Price Analysis – 16 June

POL (ex-MATIC) may be able to advance to the $0.24 and $0.28 difficulty levels after overcoming the $0.21 barrier. The market might be able to breach the $0.18 support level and expose itself to the $0.14 and $0.10 levels if sellers can create some momentum.

Key Levels:

Resistance levels: $0.21, $0.24, $0.28

Support levels: $0.19, $0.14, $0. 10

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

POL (formerly known as MATIC) is declining. On May 11, the value of the currency began to fall after peaking at $0.28. Something occurred at the designated threshold following the price decline. $0.17 was retested two days following the price rise. Consumers are avoiding more financial upturns. The first floor was set aside for the bears. When sellers increased their pressure, the currency bounced back from its peak near the resistance level of $0.28. Bears are attempting to breach the $0.19 barrier after breaking through the $0.24 barrier.

Bears are gradually taking control of the market when POL is trading below the Hull Suite crypto signals indicator. POL (ex-MATIC) may be able to advance to the $0.24 and $0.28 difficulty levels after overcoming the $0.21 barrier. The market might be able to breach the $0.18 support level and expose itself to the $0.14 and $0.10 levels if sellers can create some momentum.

POL (ex-MATIC) -term Trend: Bearish

The four-hour declination of a POL is displayed. On the 4-hour time frame, a fairly bearish engulfing candle pattern formed as a result of the price movement over the previous two weeks around the $0.28 level. It was dropping. In the market, bears are outperforming bulls. The trend burst through the dynamic resistance structure in spite of the bulls’ resistance, indicating an aggressive beginning to the negative phase.

A premium price seems reasonable considering that Hull Suite is now more costly than POL (ex-MATIC). The QQE MOD indication is smaller than zero when the contract can be completed.