POL (ex-MATIC) Price: Bulls Are Rulling Over Bears

Polygon market may move higher

POL (ex-MATIC) Price Analysis – 12 May

After breaking through the $0.28 barrier, POL (ex-MATIC) might be able to move on to the $0.32 and $0.38 difficulty levels. If sellers can generate some momentum, the market may be able to break through the $0.24 support level and expose itself to the $0.18 and $0.17 levels.

Key Levels:

Resistance levels: $0.28, $0.32, $0.38

Support levels: $0.24, $0.18, $0.17

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

POL is inclining (ex-MATIC). The coin’s value started to rise after plunging to $0.17 on April 8. After the price drop, something happened at the specified threshold. Two days after the price increase, $0.16 was retested. Consumers are steering clear of more market declines. For the bears, the first floor was reserved. The currency recovered from its lowest point at the $0.17 support level when buyers applied more pressure. Bulls smashed $0.24 barrier and currently trying to break through the $0.28 barrier.

When POL is trading above the Hull Suite crypto signals indicator, bulls are slowly taking over the market. After breaking through the $0.28 barrier, POL (ex-MATIC) might be able to move on to the $0.32 and $0.38 difficulty levels. If sellers can generate some momentum, the market may be able to break through the $0.24 support level and expose itself to the $0.18 and $0.17 levels.

 

POL (ex-MATIC) -term Trend: Bullish

A POL’s four-hour inclination is shown. The price movement over the past two weeks around the $0.18 level resulted in the formation of a fairly bullish engulfing candle pattern on the 4-hour time frame. It was on the rise. Bulls are outperforming bears in the market. Despite the bears’ opposition, the trend broke through the dynamic resistance structure, signaling an aggressive start to the bullish phase.

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 greater than zero.

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