Buyers oppose Sellers at $0.14 level
POL (prev.MATIC) Price Analysis –13 October
If POL can break through the $0.22 resistance level, it may be able to move on to the $0.24 and $0.26 difficulty levels, but if the $0.19 support level breaks, it will be exposed to the $0.16 and $0.14 levels.
Key Levels:
Resistance levels: $0.22, $0.24, $0.26
Support levels: $0.19, $0.16, $0.14
POL (ex-MATIC) Long-term Trend: Bearish
One cryptocurrency that is a perfect example of negative momentum is POL (prev.MATIC). On September 03, the coin’s value rose to $0.28 before beginning to fall. Something happened once the price increase hit the designated level. Two days following the price rise, a test was run at $0.22. Consumers are experiencing fewer financial downturns. On the first floor were the bears. When buyers decreased their pressure, the currency bounced off from its high around the $0.28 barrier level. Bears are attempting to push the price in the direction of the $0.22 barrier after testing the $0.14 barrier.
Bears control the market when POL (prev.MATIC) is trading below the Hull Suite crypto signals indicator. If POL can break through the $0.22 resistance level, it may be able to move on to the $0.24 and $0.26 difficulty levels, but if the $0.19 support level breaks, it will be exposed to the $0.16 and $0.14 levels.
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 $0.22 level. It’s improving. In the market, bears are surpassing bulls. The trend overcame the dynamic support structure in spite of the bulls’ barrier, indicating an aggressive bearish phase.
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