POL (prev.MATIC) Price May Decrease to $0.10 Line

Sellers are dominating POL market

POL (prev.MATIC) Price Analysis – 19 January

POL may soar to the $0.16 and $0.18 levels if it can get beyond the $0.14 resistance level. The price could drop to the $0.10 and $0.09 levels, though, if the $0.12 support level fails.

Key Levels:

Resistance levels: $0.14, $0.16, $0.18

Support levels: $0.12, $0.10, $0.09

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

One cryptocurrency that is now exhibiting low negative velocity is POL (Prev. MATIC). On January 1st, its price dropped to $0.10 before starting to rise. Two days after the price hit a particular low, there was a test at $0.14. Last week, consumer finances improved more slowly. From the beginning, buyers have been active. As purchasers became more aggressive, the price rose from its low of roughly $0.14. After breaking above the $0.12 barrier. It pulled back to retest $0.12. Sellers are now attempting to drive the price lower into the $0.10 level.

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Sellers control the market when POL is trading below the Hull Suite crypto signals indicator. POL may soar to the $0.16 and $0.18 levels if it can get beyond the $0.14 resistance level. The price could drop to the $0.10 and $0.09 levels, though, if the $0.12 support level fails.

POL (ex-MATIC) – Term Trend: Bearish

In the four-hour chart, POL shows a declination. The price moves over the last two weeks near the $0.12 level produced a rather strong engulfing candle pattern on the 4-hour chart. After locating support at $0.10, the price increased. Things are yet to get better. As the bears gain momentum, the bullish pressure is diminishing. The trend has broken through the dynamic support despite the bulls’ resistance, suggesting a robust bearish phase.

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