POL (ex-MATIC) Price: Buyers Defend $0.42 Support Level

Bulls are pushing price towards $0.43 level

POL (ex-MATIC) Price Analysis – 07 October

POL (ex-MATIC) may be able to advance to the $0.47 and $0.52 difficulty levels after surpassing the $0.43 barrier. POLUSD might be able to break below the $0.42 support level and expose itself to the $0.41 and $0.39 levels if sellers are able to get some momentum.

Key Levels:

Resistance levels: $0.43, $0.47, $0.52

Support levels: $0.42, $0.41, $0.39

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

The long-term outlook for POL (formerly MATIC) is bright. The coin’s value began to decline on June 7 and reached as low as $0.35 on August 5. At the $1.27 mark, following the contestants’ match, something happened. After cutting costs by three weeks, $0.39 is still required. Consumers are putting an end to more market declines. Bulls held the first level that was allocated. The currency’s value rose as it made an attempt to test the $0.43 resistance level. Last week, the $0.41 support level underwent two tests. Bulls were currently in opposition, with the previous high level of $0.43 as the target.

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Bulls are in charge of the market when POLUSD is trading above the Hull Suite crypto signals indicator. 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 break below the $0.42 support level and expose itself to the $0.41 and $0.39 levels if sellers are able to get some momentum.

POL (ex-MATIC) -term Trend: Bullish

The four-hour inclination of a POL is displayed. On the 4-hour time frame, a small double bottom chart pattern was formed as a result of the price action that took place last week around the $0.35 level. The declining trend turned around. Bears lost control of the market to bulls. Despite sellers’ resistance, the trend is heading toward $0.43, which would indicate the end of the negative period.

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