Sellers oppose Buyers at $0.28 point
POL (prev.MATIC) Price Analysis – 29 September
POL (prev.MATIC) may be able to move on to the $0.26 and $0.28 difficulty levels if it can break through the $0.24 resistance level. On the other hand, the break down of $0.22 support level will expose it to the $0.19 and $0.16 levels.
Key Levels:
Resistance levels: $0.24, $0.26, $0.28
Support levels: $0.22, $0.19, $0.16
POL (ex-MATIC) Long-term Trend: Bearish
One example of a cryptocurrency with negative momentum is POL (prev.MATIC). On August 2, the coin’s value increased to $0.28 before beginning to fall. After the price incline reached the designated level, something occurred. Two days following the price rise, a test was run at $0.26. Consumers are experiencing fewer financial upturns. On the first floor were the bulls. When sellers increased their pressure, the currency bounced back from its highest point near the $0.28 barrier level. Bears are attempting to push the price back towards the $0.22 barrier after testing the $0.28 barrier.
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POL (prev.MATIC) may be able to move on to the $0.26 and $0.28 difficulty levels if it can break through the $0.24 resistance level. On the other hand, the break down of $0.22 support level will expose it to the $0.19 and $0.16 levels. Bears are in control of the market when POL is trading below the Hull Suite crypto signals indicator.
POL (ex-MATIC) -term Trend: Bearish
It displays the four-hour declination of a POL. On the 4-hour time frame, a fairly bearish engulfing candle pattern formed as a result of the price movement over the previous two weeks around the $0.28 level. It is deteriorating. In the market, bears are outperforming bulls. The trend breached the dynamic resistance structure in spite of the bulls’ barrier, indicating an aggressive bearish phase.
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