Buyers may push price higher
POL (prev.MATIC) Price Analysis – 05 January
POL may soar to the $0.14 and $0.16 levels if it can get beyond the $0.12 resistance level. The price might drop to the $0.09 and $0.08 levels, though, if the $0.10 support level fails.
Key Levels:
Resistance levels: $0.12, $0.14, $0.16
Support levels: $0.10, $0.09, $0.08
POL (prev.MATIC) Long-term Trend: Bearish
One cryptocurrency that is now exhibiting low negative momentum is POL (prev.MATIC). On October 10, its price rose to $0.24 before starting to drop. Two days after the price hit a particular high, there was a test at $0.16. The current state of consumer finances is improving more slowly. Since the beginning, sellers have been active. As the sellers became increasingly aggressive, the price fell from its peak around $0.14. After the price broke over the $0.10 mark, the buyers are now attempting to drive it up toward the $0.12 level.
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The buyers control the market when POL is trading above the Hull Suite crypto signals indicator. POL may soar to the $0.14 and $0.16 levels if it can get beyond the $0.12 resistance level. The price might drop to the $0.09 and $0.08 levels, though, if the $0.10 support level fails.
POL (ex-MATIC) – Term Trend: Bullish
POL shows a four-hour chart rise. On the 4-hour chart, the price moves over the previous two weeks near the $0.24 level produced a rather bearish engulfing candle pattern. Price found support at $0.10 and bounce up. Things are getting better. As the bulls gain momentum, the bearish pressure is lessening. The trend has broken through the dynamic support despite the bears’ resistance, suggesting a robust bullish phase.
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