POL (prev.MATIC) Price: Will There Be a Break Down of $0.08 Line?

POL market under bears’ control

POL (prev.MATIC) Price Analysis – 09 February

POL may rise to the $0.10 and $0.12 levels if it can overcome the resistance level at $0.9. However, if the $0.08 support level is broken, the price may fall to the $0.07 and $0.06 levels.

Key Levels:

Resistance levels: $0.9, $0.10, $0.12

Support levels: $0.08, $0.07, $0.06

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

POL (prev. MATIC) is one cryptocurrency that is now showing low negative velocity. Its price fell to $0.10 on January 1st before beginning to increase. Two days after the price hit a predetermined low, there was a test at $0.14. Consumer finances improved more slowly last week. Buyers have been active from the start. From its high of about $0.14, the price decreased as sellers became more assertive. Once the $0.12 barrier has been reached. To retest $0.12, it retreated. Right now, sellers are trying to get the price down to $0.08.

When POL is trading below the Hull Suite crypto signals indicator, sellers are in charge of the market. POL may rise to the $0.10 and $0.12 levels if it can overcome the resistance level at $0.9. However, if the $0.08 support level is broken, the price may fall to the $0.07 and $0.06 levels.

POL (prev.MATIC) Medium –Term Trend: Bearish

The four-hour graphic indicates that POL is declining. On the 4-hour chart, the price fluctuations over the previous two weeks around the $0.12 level resulted in a reasonably strong engulfing candle pattern. The price fell after finding support at $0.10. So yet, nothing has changed. The bullish drive is waning as the bears gain ground. Despite the bulls’ resistance, the trend has breached the dynamic support, indicating a strong bearish phase.

A price cut makes sense because Hull Suite is now less expensive than POL (prev.MATIC). The QQE MOD signal must be less than zero in order for the contract to be executed.

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