Buyers are dominating market
POL (prev.MATIC) Price Analysis – 20 October
POL may be able to advance to the $0.24 and $0.26 difficulty levels if it can overcome the $0.22 resistance level; however, if the $0.19 support level fails, it will be vulnerable to the $0.16 and $0.14 levels.
Key Levels:
Resistance levels: $0.22, $0.24, $0.26
Support levels: $0.19, $0.16, $0.14
POL (ex-MATIC) Long-term Trend: Bullish
POL (prev.MATIC) is one cryptocurrency that exemplifies positive momentum. The coin’s value decreased to $0.16 on October 10 before starting to incline. After the price increase reached the predetermined threshold, something occurred. A test was conducted at $0.19 two days after the price increase. Financial downturns are becoming less frequent for consumers. The bulls were on the first floor. The currency recovered from its low near the $0.14 barrier level when bears removed their grip. Bulls are seeking to drive the price in the direction of the $0.22 barrier after testing the $0.14 barrier.
When POL (prev.MATIC) is trading above the Hull Suite crypto signals indicator, the market is dominated by bulls. POL may be able to advance to the $0.24 and $0.26 difficulty levels if it can overcome the $0.22 resistance level; however, if the $0.19 support level fails, it will be vulnerable to the $0.16 and $0.14 levels.
POL (ex-MATIC) -term Trend: Bullish
It shows a POL’s four-hour inclination. The price movement over the past two weeks around the $0.14 level resulted in the formation of a fairly bullish engulfing candle pattern on the 4-hour time frame. It’s getting better. Bulls are outpacing bears in the market. Despite the bears’ barrier, the trend broke through the dynamic support structure, signaling an aggressive bullish phase.
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