Bearish phase going strong in POL market
POL (ex-MATIC) Price Analysis – 27 January
After breaking through the $0.44 barrier, POL (ex-MATIC) might be able to move on to the $0.43 and $0.40 difficulty levels. If buyers can get some traction, the market may be able to break over the resistance level at $0.47 and expose itself to the $0.52 and $0.58 levels.
Key Levels:
Resistance levels: $0.43, $0.44, $0.47
Support levels: $0.40, $0.38, $0.36
POL (ex-MATIC) Long-term Trend: Bearish
The movement of POL (ex-MATIC) is negative. The coin’s value peaked on December 4 at $0.77 before beginning to decline. Something occurred at the designated mark following the contestants’ match. $0.52 was retested in spite of a three-week price hike. Customers are avoiding additional market expansion. The first floor was set aside for the bears. When sellers increased their pressure, the currency bounced back from its peak to the $0.47 support level. At the moment, bears are attempting to overcome the $0.40 barrier.
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 $0.38 and $0.36 difficulty levels after overcoming the $0.40 barrier. The market might be able to overcome the resistance level at $0.43 and expose itself to the $0.44 and $0.47 levels if buyers can gain some traction.
POL (ex-MATIC) -term Trend: Bearish
The four-hour declination of a POL is displayed. On the 4-hour time frame, a fairly bearish engulfing candle pattern formed as a result of the price movement over the previous two weeks around the $0.74 level. The upward trend reversed. The market was lost by bulls to bears. The trend broke through and challenged $0.43 in spite of buyers’ resistance, indicating that the bearish phase is still going strong.
A premium price seems reasonable considering that Hull Suite is now more costly than POL (ex-MATIC). The QQE MOD indicator is less than 0 when contract fulfillment is possible.
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