Polygon Price May Rebound at $0.35 Level

Bulls may dominate Polygon market soon

Polygon (POL) Price Analysis – 02 September

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 over 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 prognosis is unfavorable. The coin tested the low of $0.35 level on August 5 when the selloff started on June 7.  This occurred after the contestants’ match, at the $1.27 mark. After a cost reduction of three weeks, the remaining sum is $0.35. Consumers are stopping further market downturns. Bulls defended the level that was just mentioned. The currency increased and tested the resistance level of $0.62. Bulls were opposed at the mentioned level and the previous low is the target.

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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 over the $0.43 resistance level and expose itself to the $0.47 and $0.52 levels.

POL/USD Short-term Trend: Bearish

A polygon’s 4-hour declination is shown. The price action last week around the $0.35 level resulted in the formation of a modest double top chart pattern on the 4-hour time frame. The downward trend appears to be about to reverse. The trend is decreasing toward $0.35, which would signify the conclusion of the negative phase, despite buyers’ resistance.

.35 Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/4-hours-1-1024x458.png"/> Given that Polygon is currently less costly than Hull Suite, a price low makes logical. If the QQE MOD indicator is lower than zero, there may be a chance to make a sale.

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