POL (ex-MATIC) Price: Will There Be a Bearish Breakdown at $0.21

Bears are exerting more pressure

POL (ex-MATIC) Price Analysis – 31 March

After breaking through the $0.24 barrier, POL (ex-MATIC) might be able to move on to the $0.28 and $0.36 difficulty levels. If sellers can get some traction, the market may be able to break through the $0.21 support level and expose itself to the $0.20 and $0.18 levels.

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 dwindling. Prior to starting to fall, the coin’s value peaked on December 4 at $0.77. Following the price increase, something happened at the specified threshold. Following a three-week price increase, $0.44 was retested. Consumers are staying away from further market expansion. For the bears, the first floor was reserved. The currency recovered from its low of the $0.21 support level when buyers applied further pressure. Bulls are currently trying to break through the $0.24 barrier.

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When POL is trading above the Hull Suite crypto signals indicator, bulls are in control of the market. After breaking through the $0.24 barrier, POL (ex-MATIC) might be able to move on to the $0.28 and $0.36 difficulty levels. If sellers can get some traction, the market may be able to break through the $0.21 support level and expose itself to the $0.20 and $0.18 levels.

POL (ex-MATIC) -term Trend: Bearish

A POL’s four-hour declination is shown. The price movement over the past two weeks around the $0.19 level resulted in the formation of a fairly bearish engulfing candle pattern on the 4-hour time frame. The downward trend was observed. Bears are outperforming bulls in the market. Despite buyers’ opposition, the trend broke past the dynamic resistance structure, suggesting that the negative phase may start in a strong manner.

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