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POL (ex-MATIC) Price Retracement Before Bullish Trend Continue

Azeez Mustapha
Updated 1 min read
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Polygon market Dominated by Bulls

POL (ex-MATIC) Price Analysis – 19 May

POL (ex-MATIC) may be able to advance to the $0.32 and $0.38 difficulty levels after overcoming the $0.28 barrier. The market might be able to breach the $0.24 support level and expose itself to the $0.18 and $0.17 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: Bullish

POL (ex-MATIC) is inclining. The value of the coin began to increase after it fell to $0.17 on April 8. Something occurred at the designated threshold following the price decline. $0.16 was retested two days following the price rise. Customers are avoiding more market downturns. The first floor was set aside for the bears. When buyers increased their pressure, the currency bounced back from its lowest point at the $0.17 support level. Bulls are attempting to push through the $0.28 barrier after smashing the $0.24 barrier.

Bulls are gradually taking over the market when POL is trading above the Hull Suite crypto signals indicator. POL (ex-MATIC) may be able to advance to the $0.32 and $0.38 difficulty levels after overcoming the $0.28 barrier. The market might be able to breach the $0.24 support level and expose itself to the $0.18 and $0.17 levels if sellers can create some momentum.

 

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 was formed as a result of the price movement over the previous two weeks around the $0.18 level. It was increasing. In the market, bulls are surpassing bears. The trend overcame the dynamic resistance structure in spite of the bears’ resistance, indicating an aggressive beginning to the bullish phase.

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

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