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.

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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.

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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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