Buyers oppose Sellers at $0.19 level
POL (prev.MATIC) Price Analysis – 06 October
If POL (prev.MATIC) can overcome the $0.24 resistance level, it could be able to proceed to the $0.26 and $0.28 difficulty levels. However, it will be exposed to the $0.19 and $0.16 levels if the $0.22 support level breaks.
Key Levels:
Resistance levels: $0.24, $0.26, $0.28
Support levels: $0.22, $0.19, $0.16
POL (ex-MATIC) Long-term Trend: Bullish
POL (prev.MATIC) is one cryptocurrency that exemplifies positive momentum. The coin’s value fell to $0.22 on September 25 before starting to incline. Something happened once the price decline hit the specified level. A test was conducted at $0.22 two days after the price decrease. Financial upturns are becoming less frequent for consumers. The bulls were on the first floor. The currency recovered from its low near the $0.22 barrier level when buyers applied more pressure. After testing the $0.24 barrier, bulls are trying to move the price towards the $0.26 barrier.
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If POL (prev.MATIC) can overcome the $0.24 resistance level, it could be able to proceed to the $0.26 and $0.28 difficulty levels. However, it will be exposed to the $0.19 and $0.16 levels if the $0.22 support level breaks. When POL is trading above the Hull Suite crypto signals indicator, the market is controlled by bulls.
POL (ex-MATIC) -term Trend: Bullish
It shows a POL’s four-hour inclination. The price movement over the past two weeks around the $0.19 level resulted in the formation of a fairly bullish engulfing candle pattern on the 4-hour time frame. It’s getting beter. Bulls are outperforming bears in the market. Despite the bears’ barrier, the trend broke through the dynamic resistance structure, signaling an aggressive bullish phase.
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