Bullish Reversal at $0.18 Support Level
POL (ex-MATIC) Price Analysis – 21 April
POL (ex-MATIC) may be able to advance to the $0.28 and $0.32 difficulty levels after overcoming the $0.24 barrier. The market might be able to breach the $0.18 support level and expose itself to the $0.17 and $0.12 levels if sellers can create some momentum.
Key Levels:
Resistance levels: $0.24, $0.28, $0.32
Support levels: $0.18, $0.17, $0.12
POL (ex-MATIC) Long-term Trend: Bullish
POL (ex-MATIC) is inclining. The coin’s value peaked on December 4 at $0.77 before beginning to decline. Something occurred at the designated threshold after the price rise. $0.36 was retested after a three-week price rise. Customers are avoiding additional market expansion. The first floor was set aside for the bears. When buyers increased their pressure, the currency bounced back from its lowest point at the $0.18 support level. At the moment, bulls are attempting to surpass the $0.18 mark.
Bulls are gradually in charge of the market when POL is trading above the Hull Suite crypto signals indicator. POL (ex-MATIC) may be able to advance to the $0.28 and $0.32 difficulty levels after overcoming the $0.24 barrier. The market might be able to breach the $0.18 support level and expose itself to the $0.17 and $0.12 levels if sellers can create some momentum.
POL (ex-MATIC) -term Trend: Bullish
The four-hour inclination of a POL is displayed. On the 4-hour time frame, a fairly bullish engulfing candle pattern formed as a result of the price movement over the previous two weeks around the $0.18 level. An upward trend was seen. In the market, bulls are outperforming bears. The trend broke through the dynamic resistance structure in spite of bears’ resistance, indicating that the bullish phase would begin aggressively.
Start using a world-class auto trading solution
You can purchase Lucky Block – Guide, Tips & Insights | Learn 2 Trade here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
