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.

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.

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.

Start using a world-class auto trading solution

You can purchase Lucky Block here.  Buy LBLOCK