Polygon Price Is Retesting Previous Low at $0.35 Level

Bulls may defend $0.35 level

Polygon (POL) Price Analysis – 09 September

Polygon Ecosystem Token may be able to advance to the $0.30 and $0.25 difficulty levels after surpassing the $0.35 barrier. The market might be able to overcome the $0.43 resistance level and expose itself to the $0.47 and $0.52 levels if buyers are able to get some momentum.

Key Levels:

Resistance levels: $0.43, $0.47, $0.52

Support levels: $0.35, $0.30, $0.25

POL/USD Long-term Trend: Bearish

The long-term outlook is not good for POL/USD. When the coin first began to decline on June 7, it reached a low of $0.35 on August 5. At the $1.27 mark, following the contestants’ match, something happened. The remaining amount is $0.35 following a three-week cost reduction. Customers are putting an end to more market declines. The previously specified level was defended by Bulls. The currency rose and made a test of the $0.52 resistance level. At the moment, bears were in opposition, and the previous low is tested at $0.35.

Bears are in charge of the market when POL is trading below the Hull Suite crypto signals indicator. Polygon Ecosystem Token may be able to advance to the $0.30 and $0.25 difficulty levels after surpassing the $0.35 barrier. The market might be able to overcome the $0.43 resistance level and expose itself to the $0.47 and $0.52 levels if buyers are able to get some momentum.

POL/USD Short-term Trend: Bearish

The 4-hour declination of a polygon is displayed. On the 4-hour time frame, a slight double top chart pattern was formed as a result of the price action that occurred last week around the $0.52 level. It looks like the declining trend is likely to turn around. Despite buyers’ resistance, the trend is declining near $0.35, which would indicate the end of the negative period.

A low pricing makes sense because Polygon is now less expensive than Hull Suite. There might be a possibility to close a deal if the QQE MOD indication is less than zero.

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