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POL (prev.MATIC) Price: An Increase in Bears’ Pressure

Azeez Mustapha
Updated 1 min read
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POL (prev.MATIC) Price: Increase in Bears’ Pressure

Price may decrease further

POL (prev.MATIC) Price Analysis – 15 December

POL may be able to rise to the $0.14 and $0.16 difficulty levels if it can get over the $0.12 resistance level; if the $0.11 support level fails, it may drop to the $0.10 and $0.09 levels.

Key Levels:

Resistance levels: $0.12, $0.14, $0.16

Support levels: $0.11, $0.10, $0.09

POL (ex-MATIC) Long-term Trend: Bearish

POL (ex-MATIC) is one of the cryptocurrency that exemplifies negative momentum. The coin’s value increased to $0.24 on October 10 before starting to drop. When the price increase reached the predetermined level, something happened. A test was conducted at $0.16 two days after the price increase. Financial upturns for consumers are becoming less frequent. The bears were on the first floor. The currency decreased from its high near the $0.14 barrier level when bears excited. Bears are trying to push the price closer to the $0.11 barrier after it broke over the $0.12 barrier.

POL (prev.MATIC) Price: Increase in Bears’ Pressure

 

When POL (prev.MATIC) is trading below the Hull Suite crypto signals indicator, bears dominate the market. POL may be able to rise to the $0.14 and $0.16 difficulty levels if it can get over the $0.12 resistance level; if the $0.11 support level fails, it may drop to the $0.10 and $0.09 levels.

POL (ex-MATIC) -term Trend: Bearish

It shows a four-hour decline in POL. The price movement over the preceding two weeks around the $0.24 level resulted in the formation of a fairly bearish engulfing candle pattern on the 4-hour time frame. Things are getting worse. Bears are outperforming bulls in the market. Despite the bulls’ barrier, the trend broke through the dynamic support structure, signaling an aggressive bearish phase.

POL (prev.MATIC) Price: Increase in Bears’ Pressure A price cut makes sense because Hull Suite is now more expensive than POL (formerly MATIC). The contract can be fulfilled if the QQE MOD signal is less than zero.

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