Polygon Price: Breaking Up $0.57 Level Envisaged

Buyers are taking over Polygon market

Polygon (POL) Price Analysis – 26 August

Polygon Ecosystem Token may be able to advance to the $0.62 and $0.70 difficulty levels after surpassing the $0.57 barrier. The market might be able to overcome the $0.52 support level and expose itself to the $0.47 and $0.43 levels if sellers are able to get some momentum.

Key Levels:

Resistance levels: $0.57, $0.62, $0.70

Support levels: $0.52, $0.47, $0.43

POL/USD Long-term Trend: Bullish

The long-term outlook for POL/USD is bullish. The value of cryptocurrency has decreased due to the selloff that began on June 7. This happened at the $1.27 mark, following the contestants’ match. Following a three-week cost cut, $0.35 is the final amount. Customers are putting an end to more market declines. Bulls defended the recently mentioned level. The currency is currently increasing towards the $0.57 resistance level.

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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 $0.70 difficulty levels after surpassing the $0.57 barrier. The market might be able to overcome the $0.52 support level and expose itself to the $0.47 and $0.43 levels if sellers are able to get some momentum.

POL/USD Short-term Trend: Bullish

The 4-hour inclination of a polygon is displayed. On the 4-hour time frame, a small double bottom chart pattern was formed as a result of the price action that occurred last week around the $0.35 level. It looks like the declining trend is likely to turn around. Despite sellers’ resistance, the trend is climbing toward $0.43, which would indicate the end of the negative phase.

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Polygon is now more expensive than Hull Suite, thus a price increase makes sense. There can be an opportunity to purchase if the QQE MOD indicator is greater than zero.

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