Polygon Price:  A Bullish Reversal at $0.47 Level

Buyers’ pressure may break up $0.57 level

Polygon (POL) Price Analysis – 15 July

Polygon Ecosystem Token may be able to advance to the $0.62 and $0.65 difficulty levels after passing the $0.57 barrier. The market might be able to breach the $0.52 support level 7and expose itself to the $0.47 and $0.43 levels if sellers are able to gather some momentum.

Key Levels:

Resistance levels: $0.57, $0.62, $0.65

Support levels: $0.52, $0.47, $0.43

POL/USD Long-term Trend: Bullish

The long-term picture for POL/USD is promising. The sell-off that began on March 14 has caused a decline in the value of cryptocurrencies. This happened at the $1.27 mark, following the contestants’ match. After a three-week cost reduction, the total comes to $0.52. Customers are putting an end to more market declines. Bulls maintained the level that was recently emphasized. It is bouncing at the support level of $0.47. This volatility is a result of this reversal.

Bulls are in charge of the market when POL is trading above the Hull Suite crypto signals indicator. Polygon Ecosystem Token may be able to advance to the $0.62 and $0.65 difficulty levels after passing the $0.57 barrier. The market might be able to breach the $0.52 support level 7and expose itself to the $0.47 and $0.43 levels if sellers are able to gather some momentum.

POL/USD Short-term Trend: Bullish

The 4-hour inclination of a polygon is displayed. On the 4-hour time scale, the price action of the previous week around the $0.47 level led to the construction of a tiny double bottom chart pattern. It seems that the bullish trend is holding steady. Despite the resistance of sellers, the trend is pointing higher toward the $0.57 line, marking the end of the bearish period.

A price increase makes sense because Polygon is currently more expensive than Hull Suite. One may be able to identify a buying opportunity when the QQE MOD crypto signals indicator is more than zero..

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