Buyers are gaining momentum
POL (ex-MATIC) Price Analysis – 24 March
POL (ex-MATIC) may be able to advance to the $0.28 and $0.36 difficulty levels after overcoming the $0.24 barrier. The market might be able to breach the $0.21 support level and expose itself to the $0.20 and $0.18 levels if sellers can gain some traction.
Key Levels:
Resistance levels: $0.24, $0.28, $0.36
Support levels: $0.21, $0.20, $0.18
POL (ex-MATIC) Long-term Trend: Bearish
POL (ex-MATIC) is declining. The coin’s value peaked on December 4 at $0.77 before beginning to decline. Something occurred at the designated threshold after the price rise. $0.44 was retested after a three-week price hike. Customers are avoiding additional market expansion. The first floor was set aside for the bears. When buyers increased their pressure, the currency bounced back from its low of the $0.21 support level. At the moment, bulls are attempting to surpass the $0.24 mark.
POL (ex-MATIC) -term Trend: Bullish
The four-hour inclination of a POL is displayed. On the 4-hour time frame, a fairly bullish engulfing candle pattern formed as a result of the price movement over the previous two weeks around the $0.19 level. The increasing trend turned up. The market is loosing by bears to bulls. The trend broke through dynamic resistance structure in spite of sellers’ resistance, indicating that the positive phase may commence in a strong form.
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