POL (prev.MATIC) Price May Reverse at $0.14 Point

Bears’ Momentum is decreasing

POL (prev.MATIC) Price Analysis – 11 November

If POL can go above the $0.19 resistance level, it might be able to ascend to the $0.22 and $0.24 difficulty levels; if the $0.16 support level doesn’t hold, it might fall to the $0.14 and $0.12 levels.

Key Levels:

Resistance levels: $0.19, $0.22, $0.24

Support levels: $0.16, $0.15, $0.12

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

One cryptocurrency that provides an example of negative momentum is POL (formerly known as MATIC). On October 10, the coin’s value rose to $0.24 before beginning to decline. Something occurred when the price increase hit the set threshold. Two days following the price increase, a test was carried out at $0.19. Consumer financial upturns are becoming less common. The first floor was where the bears were. When bears relaxed, the currency rose from its low close to the $0.14 barrier level. After breaking over the $0.19 barrier, bears are attempting to move the price closer to the $0.16 barrier.

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Bears control the market when POL (prev.MATIC) is trading below the Hull Suite crypto signals indicator. If POL can go above the $0.19 resistance level, it might be able to ascend to the $0.22 and $0.24 difficulty levels; if the $0.16 support level doesn’t hold, it might fall to the $0.14 and $0.12 levels.

POL (ex-MATIC) -term Trend: Bearish

It displays the four-hour decline of a POL. A fairly bearish engulfing candle pattern on the 4-hour time frame was formed as a result of the price movement during the previous two weeks around the $0.24 level. The situation is deteriorating. In the market, bears are outperforming bulls. The trend burst through the dynamic support structure in spite of the bulls’ barrier, indicating an aggressive bearish phase.

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