POL (prev.MATIC) Price Is Targeting a Previous Low at $0.12

Bears’ pressure increase

POL (prev.MATIC) Price Analysis – 17 November

POL may be able to rise to the $0.19 and $0.22 difficulty levels if it can overcome the $0.16 resistance level; if the $0.15 support level fails, it may drop to the $0.12 and $0.11 levels.

Key Levels:

Resistance levels: $0.16, $0.19, $0.22

Support levels: $0.15, $0.12, $0.11

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

POL, originally known as MATIC, is one 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 $0.19 two days after the price increase. Financial upturns for consumers are becoming less frequent. The bears were on the first floor. The currency increasedfrom its low near the $0.14 barrier level when bears eased. Bears are trying to bring the price clos er to the $0.12 barrier after it broke through the $0.16 barrier.

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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 $0.19 and $0.22 difficulty levels if it can overcome the $0.16 resistance level; if the $0.15 support level fails, it may drop to the $0.12 and $0.11 levels.

 

POL (ex-MATIC) -term Trend: Bearish

It shows a POL’s four-hour decrease. 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.

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