Polygon Price May Reverse Positively
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Polygon Price May Reverse Positively

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Azeez Mustapha

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An increase in Bulls’ momentum envisaged

Polygon (POL) Price Analysis – 05 August

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 for POL/USD is bleak. The value of cryptocurrencies has decreased as a result of the sell-off that began on June 7. This happened at the $1.27 mark, following the contestants’ match. The total after a three-week cost reduction is $0.35. Consumers are putting an end to more market declines. Bears maintained the level that was recently emphasized. The currency is currently testing the $0.35 support level.

Polygon Price May Reverse Positively

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 inclination of a polygon is displayed. On the 4-hour time scale, a small double bottom chart pattern was formed as a result of the price action that occurred the previous week around the $0.35 level. It seems that the downward trend is here to stop. Despite sellers’ resistance, the trend is moving higher toward the $0.43 level, which would indicate the end of the negative period.

Polygon Price May Reverse Positively A price increase makes sense as Polygon is now more costly than Hull Suite. If there is a chance to buy, it can be identified if the QQE MOD indication is more than zero.

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