Bulls are gradually gaining momentum
POL (prev.MATIC) Price Analysis – 16 February
If POL can break through the resistance level at $0.11, it might rise to the $0.14 and $0.16 levels. The price might drop to the $0.09 and $0.08 levels, though, if the $0.10 support level is breached.
Key Levels:
Resistance levels: $0.11, $0.14, $0.16
Support levels: $0.10, $0.09, $0.08
POL (prev.MATIC) Long-term Trend: Bullish
One cryptocurrency that is now exhibiting low positive velocity is POL (formerly 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 fell to a predefined low. Last week, consumer finances improved more slowly. Since the beginning, buyers have been active. As sellers became increasingly aggressive, the price dropped from its peak of roughly $0.14 after the $0.12 threshold has been crossed. It retested $0.08. Buyers are currently attempting to push up the price to $0.14.
The market is controlled by buyers when POL is trading above the Hull Suite crypto signals indicator. If POL can break through the resistance level at $0.11, it might rise to the $0.14 and $0.16 levels. The price might drop to the $0.09 and $0.08 levels, though, if the $0.10 support level is breached.
POL (prev.MATIC) Medium –Term Trend: Bullish
According to the four-hour graphic, POL is increasing. The price swings over the past two weeks around the $0.12 mark produced a fairly robust engulfing candle pattern on the 4-hour chart. After finding support at $0.08, the price flipped towards $0.11. The bulls are gaining ground, and the bearish push is fading. The trend has broken through the dynamic support despite the bears’ resistance, signaling a significant positive phase.
Given that Hull Suite is now less expensive than POL (prev.MATIC), a price increase seems sense. The contract cannot be performed unless the QQE MOD signal is more than zero.
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