Polygon Price May Surpass $0.62 Level

Bulls’ pressure increase

Polygon (POL) Price Analysis – 22 July

After breaking through the $0.57 barrier, Polygon Ecosystem Token might be able to go on to the $0.62 and $0.65 difficulty levels. If sellers are able to gain some traction, the market may be able to break through the $0.52 support level and expose itself to the $0.47 and $0.43 levels.

Key Levels:

Resistance levels: $0.57, $0.62, $0.65

Support levels: $0.52, $0.47, $0.43

POL/USD Long-term Trend: Bullish

For POL/USD, the long-term outlook is positive. The value of cryptocurrencies has decreased as a result of the sell-off that started on March 14. This occurred after the contestants’ match, at the $1.27 mark. Following a three-week cost reduction, $0.52 is the final figure. Consumers are stopping further market downturns. Bulls held onto the level that was highlighted recently. At the $0.47 support level, it is bouncing. This reversal is the cause of this volatility.

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When POL is trading above the Hull Suite crypto signals indicator, bulls are in control of the market. After breaking through the $0.57 barrier, Polygon Ecosystem Token might be able to go on to the $0.62 and $0.65 difficulty levels. If sellers are able to gain some traction, the market may be able to break through the $0.52 support level and expose itself to the $0.47 and $0.43 levels.

POL/USD Short-term Trend: Bullish

A polygon’s 4-hour inclination is shown. The price action of the previous week around the $0.47 level resulted in the formation of a little double bottom chart pattern on the 4-hour time scale. The positive trend appears to be continuing. The trend is heading higher toward the $0.57 line, which signifies the end of the negative phase, despite sellers’ resistance.

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Given that Polygon is currently more expensive than Hull Suite, a price hike makes logical. A buying opportunity might be discerned if the QQE MOD indicator is greater than zero.

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