POL (ex-MATIC) Price May Continue a Bearish Trend
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POL (ex-MATIC) Price May Continue a Bearish Trend

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Azeez Mustapha

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Sellers are dominating POL market

POL (ex-MATIC) Price Analysis – 20 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: $0.47, $0.52, $0.58

Support levels: $0.44, $0.43, $0.40

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

POL’s (ex-MATIC) movement is bearish. Prior to starting to fall, the coin’s value peaked on December 4 at $0.77. After the contestants’ match, something happened at the specified mark. Despite a three-week increase in price, $0.52 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 $0.47 support level when sellers applied more pressure. Bears are currently trying to break through the $0.44 barrier.

POL (ex-MATIC) Price May Continue a Bearish Trend

When POL is trading below the Hull Suite crypto signals indicator, bears are in control of the market. 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.

POL (ex-MATIC) -term Trend: Bullish

A POL’s four-hour inclination is shown. The price movement over the last 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 increasing trend turned back. Bulls lost the market to bears. Despite buyers’ resistance, the trend challenged $0.44 and broke through, suggesting that the negative phase is still ongoing.

POL (ex-MATIC) Price May Continue a Bearish TrendGiven that Hull Suite is now more expensive than POL (ex-MATIC), a premium price seems fair. When contract fulfillment is feasible, the QQE MOD indicator is less than zero.

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