Polygon Price May Increase to $0.62 Level

Bulls’ momentum may break up $0.52 level

Polygon (POL) Price Analysis – 08 July

After getting beyond the $0.52 barrier, Polygon Ecosystem Token might be able to go on to the $0.57 and $0.62 difficulty levels. If sellers are able to build some momentum, the market may be able to break through the $0.47 support level and expose itself to the $0.43 and $0.35 levels.

Key Levels:

Resistance levels: $0.52, $0.57, $0.62

Support levels: $0.47, $0.43, $0.35

POL/USD Long-term Trend: Bearish

POL/USD’s long-term outlook is not encouraging. Because of the sell-off that started on March 14, the value of cryptocurrencies has dropped. This occurred after the contestants’ match, at the $1.27 mark. The total after a three-week cost reduction is $0.52. More market falls are coming to an end thanks to consumers. Bulls held onto the level that was highlighted recently. It is oscillating between the $0.52 and $0.47 levels of support and resistance. This range phase is the cause of this low volatility.

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When POL is trading below the Hull Suite crypto signals indicator, bears are in control of the market. After getting beyond the $0.52 barrier, Polygon Ecosystem Token might be able to go on to the $0.57 and $0.62 difficulty levels. If sellers are able to build some momentum, the market may be able to break through the $0.47 support level and expose itself to the $0.43 and $0.35 levels.

POL/USD Short-term Trend: Bearish

A polygon’s 4-hour declination is shown. The price action from the previous week around the $0.65 level resulted in the formation of a minor double bottom chart pattern on the 4-hour time scale. The bearish trend appears to be continuing. The trend is pointing lower toward the $0.52 line, indicating the end of the range period, despite buyers’ resistance.

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Given that Polygon is currently less priced than Hull Suite, a price drop makes logical. When the QQE MOD indicator is less than zero, a selling opportunity might be discerned.

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