POL (prev.MATIC) Price May Experience a Bullish Turning

Buyers are accumulating momentum

POL (prev.MATIC) Price Analysis – 04 August

POL (prev.MATIC) may be able to advance to the $0.26 and $0.34 difficulty levels after overcoming the $0.24 barrier. The market might be able to breach the $0.22 support level and expose itself to the $0.19 and $0.16 levels if sellers can create some momentum.

Key Levels:

Resistance levels: $0.24, $0.26, $0.34

Support levels: $0.22, $0.19, $0.16

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

A prev.MATIC named POL is depressed. Before beginning to fall, the currency’s value peaked on May 11 at $0.34. After the price incline reached the designated level, something occurred. A $0.26 test was carried out two days following the price hike. Consumers are experiencing fewer financial upturns. The first floor was dedicated to the bears. When sellers increased their pressure, the currency recovered from its peak near the $0.26 barrier level. Bears are attempting to break through the $0.22 barrier after breaking through the $0.24 barrier.

Bears are in charge of the market when POL is trading below the Hull Suite crypto signals indicator. POL (prev.MATIC) may be able to advance to the $0.26 and $0.34 difficulty levels after overcoming the $0.24 barrier. The market might be able to breach the $0.22 support level and expose itself to the $0.19 and $0.16 levels if sellers can create some momentum.

POL (ex-MATIC) -term Trend: Bearish

It displays the four-hour declination of a POL. On the 4-hour time frame, a fairly bearish engulfing candle pattern formed as a result of the price movement over the previous two weeks around the $0.34 level. It was falling. In the market, bears are outperforming bulls. The trend burst through the dynamic resistance structure in spite of the bulls’ resistance, indicating an aggressive negative phase.

Given that Hull Suite is now more costly than POL (prev.MATIC), a higher price seems reasonable. If the QQE MOD indicator is less than zero, the contract can be executed.

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