POL (prev.MATIC) Price May Break Up $0.16 Barrier

Buyers are ruling POL market

POL (prev.MATIC) Price Analysis – 12 January

Buyers are in charge of the market. If POL can overcome the $0.16 resistance level, it might rise to the $0.18 and $0.19 levels. However, if the $0.14 support level fails, the price may fall to the $0.12 and $0.10 levels

 

Key Levels:

Resistance levels: $0.16, $0.18, $0.19

Support levels: $0.14, $0.12, $0.10

POL (prev.MATIC) Long-term Trend: Bullish

POL (prev.MATIC) is one cryptocurrency that is now showing low negative velocity. Its price decreased to $0.10 on January 01 before beginning to incline. There was a test at $0.14 two days after the price reached a certain low. Consumer finances are currently improving more slowly. Buyers have been active in the start. The price increases from its low of about $0.10 as the buyers got more aggressive. Buyers are now trying to push the price up toward the $0.18 level after it broke over the $0.14 barrier.

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When POL is trading above the Hull Suite crypto signals indicator, buyers are in charge of the market. If POL can overcome the $0.16 resistance level, it might rise to the $0.18 and $0.19 levels. However, if the $0.14 support level fails, the price may fall to the $0.12 and $0.10 levels.

 

POL (ex-MATIC) – Term Trend: Bullish

POL displays an increase in the four-hour chart. A rather bullish engulfing candle pattern was created on the 4-hour chart by the price movements over the preceding two weeks close to the $0.12 level. The price rose after finding support at $0.10. Things are improving. The bearish pressure is decreasing as the bulls pick up steam. Despite the bears’ resistance, the trend has broken through the dynamic support, indicating a strong bullish phase.

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