POL (prev.MATIC) Price May Fall Below $0.11 Level

Sellers are exerting more pressure

POL (prev.MATIC) Price Analysis – 22 December

If POL can overcome the $0.12 resistance level, it might rise to the $0.14 and $0.16 levels. However, if the $0.11 support level fails, the price could fall to the $0.10 and $0.09 levels.

Key Levels:

Resistance levels: $0.12, $0.14, $0.16

Support levels: $0.11, $0.10, $0.09

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

POL (formerly MATIC) is a cryptocurrency that shows negative momentum. Its value went up to $0.24 on October 10 and then started to fall. When the price increase reached a certain level, a test took place at $0.16 two days later. Consumer financial conditions are improving less often now. The sellers were active from the beginning. The price dropped from its high near the $0.14 level when the sellers became more aggressive. The sellers are now trying to push the price down toward the $0.11 level after it broke above the $0.12 level.

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When POL is trading below the Hull Suite crypto signals indicator, the sellers are in control of the market. If POL can overcome the $0.12 resistance level, it might rise to the $0.14 and $0.16 levels. However, if the $0.11 support level fails, the price could fall to the $0.10 and $0.09 levels.

POL (ex-MATIC) -term Trend: Bearish

It indicates a four-hour drop in POL. The price movements over the past two weeks near the $0.24 level created a fairly bearish engulfing candle pattern on the 4-hour chart. The situation is deteriorating. The bears are gaining control over the bulls in the market. Even with the bulls’ resistance, the trend has broken through the dynamic support, indicating a strong bearish phase.

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A price reduction is reasonable because Hull Suite is now more costly than POL (formerly MATIC). The contract can be executed if the QQE MOD signal is below zero.

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