POL (prev.MATIC) Price: Sellers Exert More Pressure

POL market breaks down $0.10

POL (prev.MATIC) Price Analysis – 02 February

If POL can clear the $0.10 resistance level, it might soar to the $0.12 and $0.14 levels. The price could drop to the $0.08 and $0.07 levels, though, if the $0.09 support level fails.

Key Levels:

Resistance levels: $0.10, $0.12, $0.14,

Support levels: $0.09, $0.8, $0.7

POL (prev.MATIC) Long-term Trend: Bearish

One cryptocurrency that is now exhibiting low negative velocity is POL (prev. MATIC). On January 1st, its price dropped to $0.10 before starting to rise. There was a test at $0.14 two days after the price reached a specified low. Consumer finances improved more slowly last week. Buyers have been active from the start. As purchasers got more assertive, the price rose from its low of roughly $0.14. After achieving the $0.12 barrier. To retest $0.12, it retreated. Sellers are currently attempting to lower the price to $0.08.

When POL is trading below the Hull Suite crypto signals indicator, sellers are in charge of the market. If POL can clear the $0.10 resistance level, it might soar to the $0.12 and $0.14 levels. The price could drop to the $0.08 and $0.07 levels, though, if the $0.09 support level fails.

POL (ex-MATIC) – Term Trend: Bearish

The four-hour chart shows a decrease in POL. The price changes over the last two weeks near the $0.12 level produced a fairly strong engulfing candle pattern on the 4-hour chart. After locating support at $0.10, the price decreased. Nothing has changed as of yet. As the bears gain ground, the bullish drive is weakening. The trend has broken through the dynamic support despite the bulls’ resistance, suggesting a robust bearish phase.

Given that Hull Suite is now more affordable than POL (previously MATIC), a price reduction makes sense. The contract can be executed if the QQE MOD signal is lower than zero.

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