Buyers may prevent further reduction
POL (ex-MATIC) Price Analysis – 17 March
After breaking through the $0.24 barrier, POL (ex-MATIC) might be able to move on to the $0.28 and $0.36 difficulty levels. If sellers can get some traction, the market may be able to break through the $0.21 support level and expose itself to the $0.20 and $0.18 levels..
Key Levels:
Resistance levels: $0.24, $0.28, $0.36
Support levels: $0.21, $0.220, $0.18
POL (ex-MATIC) Long-term Trend: Bearish
Prior MATIC, or POL, is dwindling. Prior to starting to fall, the coin’s value peaked on December 4 at $0.77. Following the price increase, something happened at the specified threshold. Following a three-week price increase, $0.44 was retested. Consumers are staying away from further market expansion. For the bears, the first floor was reserved. The currency recovered from its peak to the $0.24 support level when sellers applied more pressure. Bears are currently trying to break beyond the $0.21 barrier.
When POL is trading below the Hull Suite crypto signals indicator, bears are in control of the market. After breaking through the $0.24 barrier, POL (ex-MATIC) might be able to move on to the $0.28 and $0.36 difficulty levels. If sellers can get some traction, the market may be able to break through the $0.21 support level and expose itself to the $0.20 and $0.18 levels.
POL (ex-MATIC) -term Trend: Bearish
A POL’s four-hour declination is shown. The price movement over the past two weeks around the $0.74 level resulted in the formation of a fairly bearish engulfing candle pattern on the 4-hour time frame. The upward trajectory reverted. Bulls lost the market to bears. Despite buyers’ resistance, the trend broke through and hit $0.24, showing that the negative phase is still ongoing.
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