POL (ex-MATIC) Price Is Respecting Bears’ Command

Bears are pulling back Polygon market

POL (ex-MATIC) Price Analysis – 02 June

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 $0.10 levels if sellers can create some momentum.

 

Key Levels:

Resistance levels: $0.24, $0.28, $0.32

Support levels: $0.18, $0.17, $0. 10

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

POL (ex-MATIC) is declining. The value of the currency began to decrease after it risen to $0.28 on May 11. Something occurred at the designated threshold following the price decline. $0.17 was retested two days following the price rise. Consumers are avoiding more financial upturns. The first floor was set aside for the bears. When sellers increased their pressure, the currency bounced back from its high point at the $0.28 resistance level. Bears are currently attempting to burst through the $0.18 barrier after breaking through the $0.24 barrier.

Bears are gradually taking control of the market when POL is trading below the Hull Suite crypto signals indicator. POL (ex-MATIC) may be able to advance to the $0.28 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 $0.10 levels if sellers can create some momentum.

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 was formed as a result of the price movement over the previous two weeks around the $0.28 level.  It was getting lower.  In the market, bears are surpassing bulls.  The trend overcame the dynamic resistance structure in spite of the bulls’ resistance, indicating an aggressive beginning to the bearish phase.

A premium price seems reasonable considering that Hull Suite is currently less expensive than POL (ex-MATIC).  The QQE MOD indication is lower than zero when contract fulfillment is possible.

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