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.
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.
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.
Start using a world-class auto trading solution
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.