Bulls’ momentum may increase at $0.35 level
POL (ex-MATIC) Price Analysis – 23 September
POL (ex-MATIC) may be able to advance to the $0.47 and $0.52 difficulty levels after surpassing the $0.43 barrier. The market might be able to overcome the $0.35 support level and expose itself to the $0.30 and $0.25 levels if sellers are able to get some momentum
Key Levels:
Resistance levels: $0.43, $0.47, $0.52
Support levels: $0.35, $0.30, $0.25
POL (ex-MATIC) Long-term Trend: Bullish
The long-term outlook for POL (ex-MATIC) is looking good. The coin began to decline on June 7 and reached a low of $0.35 on August 5. At the $1.27 mark, following the contestants’ match, something happened. After a three-week cost reduction, $0.35 remains. Further market downturns are being halted by consumers. Bulls held the level that had been originally designated. The value of the currency rose as it made an attempt to test the $0.43 resistance level. The support level of $0.35 was tested twice last week. At the moment, bulls were in opposition, and the previous high level of $0.43 is the target.
POL (ex-MATIC) -term Trend: Bullish
The 4-hour inclination of a POL is displayed. The construction of a modest double bottom chart pattern on the 4-hour time frame was the outcome of last week’s price activity around the $0.35 level. It looks like the declining trend is likely to turn around. Despite sellers’ resistance, the trend is inclining toward $0.43, which would indicate the end of the bearish period.
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