POL (ex-MATIC) Price Bounces Off $0.77 Zone
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POL (ex-MATIC) Price Bounces Off $0.77 Zone

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Azeez Mustapha

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Bears are in charge of POL market

POL (ex-MATIC) Price Analysis – 16 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: $0.65, $0.70, $0.74

Support levels: $0.60, $0.52, $0.47

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

The movement of POL (ex-MATIC) seems to be bearish. The coin’s value began to rise on November 6 and reached a peak of $0.74 on 03 December. Something occurred at the mentioned mark following the contestants’ match. $0.74 was retested in spite of the three-week price rise. Customers are avoiding more market increase. The bears took the first floor that was assigned to them. When sellers increased their pressure, the currency bounced off from its high point to the support level of $0.60. At the moment, bears are attempting to surpass the previous low of $0.60.

POL (ex-MATIC) Price Bounces Off $0.77 Zone

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 $0.70 and $0.74 difficulty levels after overcoming the $0.65 barrier. The market might be able to break below the $0.60 support level and expose itself to the $0.52 and $0.47 levels if sellers can generate some power.

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 movement over the last two weeks around the $0.74 level. The upward trend reversed. The market was lost by bulls to bears. The trend is testing $0.60, indicating that the negative phase may continue despite buyers’ resistance.
POL (ex-MATIC) Price Bounces Off $0.77 ZoneA premium price seems reasonable considering that Hull Suite is currently less expensive than POL (ex-MATIC). The QQE MOD indicator is lower than zero when contract fulfillment is possible.

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