Buyers may oppose Sellers at $0.35 level
Polygon (POL) Price Analysis – 16 September
After breaking through the $0.35 barrier, Polygon Ecosystem Token might be able to go on to the $0.30 and $0.25 difficulty levels. If buyers are able to gain some momentum, POLUSD may be able to break through the $0.43 resistance level and expose itself to the $0.47 and $0.52 levels.
Key Levels:
Resistance levels: $0.43, $0.47, $0.52
Support levels: $0.35, $0.30, $0.25
POL/USD Long-term Trend: Bearish
For POL/USD, the long-term prognosis is not favorable. The coin hit a low of $0.35 on August 5 after it first started to drop on June 7. Something happened after the contestants’ match, at the $1.27 point. There is $0.35 left over after a three-week cost reduction. Consumers are stopping further market downturns. Bulls defended the previously specified level. The currency increased and attempted to test the resistance level of $0.52. Bears were opposing at the moment, and the previous low was tested at $0.35.
When POLUSD is trading below the Hull Suite crypto signals indicator, bears are in control of the market. After breaking through the $0.35 barrier, Polygon Ecosystem Token might be able to go on to the $0.30 and $0.25 difficulty levels. If buyers are able to gain some momentum, the market may be able to break through the $0.43 resistance level and expose itself to the $0.47 and $0.52 levels.
POL/USD Short-term Trend: Bearish
A polygon’s 4-hour declination is shown. The price action last week around the $0.52 level resulted in the formation of a minor double top chart pattern on the 4-hour time frame. The downward trend appears to be about to reverse. The trend is decreasing toward $0.35, which may signal the conclusion of the negative period, despite buyers’ resistance.
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