POL (prev.MATIC) Price May Retest Previous High at $0.28 Line

Bulls refuse to bow for Bears

POL (prev.MATIC) Price Analysis – 25 August

After breaking through the $0.26 barrier, POL (prev.MATIC) may be able to move on to the $0.28 and $0.34 difficulty levels. If sellers can generate some momentum, the market may be able to break through the $0.24 support level and expose itself to the $0.22 and $0.19 levels.

Key Levels:

Resistance levels: $0.26, $0.28, $0.34

Support levels: $0.24, $0.22, $0.19

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

POL, a prev.MATIC, is positive. The value of the currency dropped to $0.19 on August 2 before starting to increase. Something happened once the price incline hit the specified level. A test was conducted at $0.26 two days after the price increase. Financial upturns are becoming less frequent for consumers. The bulls occupied the first floor. The currency recovered from its lowest position close to the $0.19 barrier level when buyers applied more pressure. After breaking through the $0.24 barrier, bulls are now trying to push through the $0.26 barrier.

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When POL is trading above the Hull Suite crypto signals indicator, bulls are in control of the market. After breaking through the $0.26 barrier, POL (prev.MATIC) may be able to move on to the $0.28 and $0.34 difficulty levels. If sellers can generate some momentum, the market may be able to break through the $0.24 support level and expose itself to the $0.22 and $0.19 levels.

 

POL (ex-MATIC) -term Trend: Bullish

It shows a POL’s four-hour inclination. The price movement over the past two weeks around the $0.19 level resulted in the formation of a fairly bullish engulfing candle pattern on the 4-hour time frame. It was rising. Bulls are outperforming bears in the market. Despite the bears’ barrier, the trend broke through the dynamic resistance structure, signaling an aggressive bullish phase.

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A greater price seems appropriate considering that Hull Suite is currently more costly than POL (prev.MATIC). The contract can be carried out if the QQE MOD indicator is higher than zero.

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