Bearish movement may continue in POL market
POL (ex-MATIC) Price Analysis – 13 January
POL (ex-MATIC) may be able to advance to the $0.36 and $0.34 difficulty levels after overcoming the $0.39 barrier. The market might be able to overcome the resistance level of $0.44 and expose itself to the $0.48 and $0.53 levels if buyers can gain some traction
Key Levels:
Resistance levels: $0.44, $0.48, $0.53
Support levels: $0.39, $0.36, $0.34
POL (ex-MATIC) Long-term Trend: Bearish
The movement of POL (ex-MATIC) is bearish. The coin’s value peaked on December 4 at $0.77 before beginning to decline. Something occurred at the designated mark following the contestants’ match. $0.53 was retested in spite of a three-week price hike. Customers are avoiding additional market expansion. The first floor was set aside for the bears. When sellers increased their pressure, the currency bounced back from its peak to the $0.48 support level. At the moment, bears are attempting to surpass the $0.39 barrier.
Bears are in charge of the market when POL is trading below the Hull Suite crypto signals indicator. POL (ex-MATIC) may be able to advance to the $0.36 and $0.34 difficulty levels after overcoming the $0.39 barrier. The market might be able to overcome the resistance level of $0.44 and expose itself to the $0.48 and $0.53 levels if buyers can gain some traction.
POL (ex-MATIC) -term Trend: Bullish
The four-hour inclination of a POL is displayed. On the 4-hour time frame, a somewhat bearish engulfing candle pattern was formed as a result of the price movement over the previous two weeks around the $0.74 level. The upward trajectory reverted. The market was lost by bulls to bears. The trend tested $0.44 and breach the level despite buyers’ resistance, indicating that the negative phase continues.
A premium price seems reasonable considering that Hull Suite is currently more expensive than POL (ex-MATIC). The QQE MOD indication is less than 0 when contract fulfillment is possible.
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