POL (prev.MATIC) Price Surpass April Low

Further price decrease envisaged

POL (prev.MATIC) Price Analysis – 24 November

If POL can overcome the $0.14 resistance level, it might be able to ascend to the $0.16 and $0.19 difficulty levels; if the $0.12 support level fails, it might fall to the $0.11 and $0.10 levels.

Key Levels:

Resistance levels: $0.14, $0.16, $0.19

Support levels: $0.12, $0.11, $0.10

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

One cryptocurrency that represents 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 pre-established 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 the price broke over the $0.16 barrier, bears are attempting to move it closer to the $0.12 barrier.

Bears control the market when POL (prev.MATIC) is trading below the Hull Suite crypto signals indicator. If POL can overcome the $0.14 resistance level, it might be able to ascend to the $0.16 and $0.19 difficulty levels; if the $0.12 support level fails, it might fall to the $0.11 and $0.10 levels.

POL (ex-MATIC) -term Trend: Bearish

It displays a four-hour drop in POL. A fairly bearish engulfing candle pattern was formed on the 4-hour time frame as a result of the price movement during the previous two weeks around the $0.24 level. The situation is becoming worse. 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.

Given that Hull Suite is now more costly than POL (previously MATIC), a price reduction makes logical. If the QQE MOD signal is less than zero, the contract can be completed.

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