Downward phase may persist in POL market
POL (ex-MATIC) Price Analysis – 23 December
POL (ex-MATIC) might be able to move on to the $0.74 and $0.77 difficulty levels. If sellers can muster some strength, the market may be able to break below the $0.65 support level and expose itself to the $0.60 and $0.52 levels.
Key Levels:
Resistance levels: $0.52, $0.60, $0.65
Support levels: $0.47, $0.45, $0.43
POL (ex-MATIC) Long-term Trend: Bearish
POL’s (ex-MATIC) movement appears to be bearish. The value of the coin started to decrease on December 04 after peaked at $0.77. After the contestants’ match, something happened at the specified mark. Despite the three-week increase in price, $0.74 was retested. Consumers are staying away from further market expansion. The bears occupied the designated first floor. The currency recovered from its peak to the $0.47 support level when sellers applied more pressure. Bears are currently trying to break through the just mentioned mark.
When POL is trading below the Hull Suite crypto signals indicator, bears are in control of the market. After breaking through the $0.47 barrier, POL (ex-MATIC) might be able to move on to the $0.45 and $0.43 difficulty levels. If sellers are able to build some power, the market may be able to break below the $0.47 support level and expose itself to the $0.45 and $0.43 levels.
POL (ex-MATIC) -term Trend: Bearish
A POL’s four-hour declination is shown. The price movement over the last two weeks around the $0.74 level resulted in the formation of a modest bearish engulfing candle pattern on the 4-hour time frame. The upward trajectory reverted. Bulls lost the market to bears. Despite buyers’ resistance, the trend is testing $0.47, suggesting that the downward phase may persist.
Given that Hull Suite is currently less expensive than POL (ex-MATIC), a premium price seems fair. When contract fulfillment is feasible, the QQE MOD indicator is less than zero.
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