Bears’ Momentum is increasing
POL (prev.MATIC) Price Analysis – 03 November
POL may be able to rise to the $0.22 and $0.24 difficulty levels if it can overcome the $0.19 resistance level; if the $0.16 support level fails to hold, it may drop to the $0.14 and $0.12 levels.
Key Levels:
Resistance levels: $0.19, $0.22, $0.24
Support levels: $0.16, $0.14, $0.12
POL (ex-MATIC) Long-term Trend: Bearish
POL (prev.MATIC) is one cryptocurrency that exemplifies negative momentum. The coin’s value increased to $0.24 on October 10 before starting to decrease. Once the price increase reached the predetermined level, something happened. A test was conducted at $0.19 two days after the price increase. Financial upturns are becoming less frequent for consumers. The bears were on the first floor. The currency recovered from its low near the $0.14 barrier level when bears let go. Bears are trying to push the price toward the $0.16 barrier after breaking down the $0.19 barrier.
When POL (prev.MATIC) is trading below the Hull Suite crypto signals indicator, the market is dominated by bears. POL may be able to rise to the $0.22 and $0.24 difficulty levels if it can overcome the $0.19 resistance level; if the $0.16 support level fails to hold, it may drop to the $0.14 and $0.12 levels.
POL (ex-MATIC) -term Trend: Bearish
It shows a POL’s four-hour declination. The price movement over the past two weeks around the $0.24 level resulted in the formation of a fairly bearish engulfing candle pattern on the 4-hour time frame. Things are getting lower. Bears are outperforming bulls in the market. Despite the bulls’ barrier, the trend broke through the dynamic support structure, signaling an aggressive bearish phase.
A price decrease makes sense because Hull Suite is now more expensive than POL (prev.MATIC). It is possible to conclude the contract if the QQE MOD signal is lower than zero.
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