Polygon Price: Bulls Are Gathering Momentum
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Polygon Price: Bulls Are Gathering Momentum

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Azeez Mustapha

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An increase in price envisaged

Polygon (POL) Price Analysis – 19 August

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.

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 picture is dismal. The selloff that started on June 7 has reduced the value of cryptocurrencies. This occurred after the contestants’ match, at the $1.27 mark. After a three-week cost reduction, the total comes to $0.35. More market falls are coming to an end thanks to consumers. Bears stuck to the level that was highlighted recently. The $0.35 support level is presently being tested by the currency.

Polygon Price: Bulls Are Gathering Momentum

When POL 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: Bullish

A polygon’s 4-hour inclination is shown. The price action that took place last week around the $0.35 level resulted in the formation of a modest double bottom chart pattern on the 4-hour time scale. The decreasing trend appears to be about to reverse. The trend is rising in the direction of $0.43, which would signal the conclusion of the negative phase, despite the resistance of sellers.

Polygon Price: Bulls Are Gathering Momentum Given that Polygon is now more expensive than Hull Suite, a price hike seems logical. If the QQE MOD indication is more than zero, there may be a chance to buy.

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