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.

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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