Bulls’ momentum may increase to test previous high
POL (ex-MATIC) Price Analysis – 30 September
After breaking through the $0.42 barrier, POL (ex-MATIC) might be able to move on to the $0.43 and $0.44 difficulty levels. If sellers are able to gain some momentum, the market may be able to break below the $0.41 support level and expose itself to the $0.39 and $0.37 levels.
Key Levels:
Resistance levels: $0.42, $0.43, $0.47
Support levels: $0.41, $0.39, $0.37
POL (ex-MATIC) Long-term Trend: Bullish
Long-term prospects for POL (ex-MATIC) appear promising. The coin started to lose value on June 7 and on August 5 it dropped as low as $0.35. Something happened after the contestants’ match, at the $1.27 point. Following a three-week cost reduction, $0.35 is still needed. Customers are stopping further market downturns. The level that was initially assigned was held by bulls. As the currency attempted to test the $0.43 resistance level, its value increased. Two tests of the $0.41 support level were conducted last week. Bulls were currently opposing, and the aim is the previous high level of $0.43.
When POL is trading above the Hull Suite crypto signals indicator, bulls are in control of the market. After breaking through the $0.42 barrier, POL (ex-MATIC) might be able to move on to the $0.43 and $0.44 difficulty levels. If sellers are able to gain some momentum, the market may be able to break below the $0.41 support level and expose itself to the $0.39 and $0.37 levels.
POL (ex-MATIC) -term Trend: Bullish
A POL’s four-hour inclination is shown. The price action that occurred last week around the $0.35 level resulted in the creation of a minor double bottom chart pattern on the 4-hour time frame. The downward trend reversed. Bulls took over the market from bears The trend is leaning toward $0.43, which would signal the end of the negative phase, despite the resistance of sellers.
Given that Hull Suite is currently less expensive than POL (ex-MATIC), a premium price makes sense. If there is a chance to consummate a contract, the QQE MOD indicator is greater than zero.
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